Freshpet Inc (NASDAQ:FRPT) Insider Sells $2,378,317.14 in Stock

Freshpet Inc (NASDAQ:FRPT) insider Scott James Morris sold 49,766 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $47.79, for a total value of $2,378,317.14. Following the sale, the insider now owns 170,232 shares in the company, valued at $8,135,387.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Freshpet stock opened at $46.99 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market cap of $1.71 billion, a PE ratio of -313.27 and a beta of 1.22. Freshpet Inc has a twelve month low of $23.30 and a twelve month high of $49.41.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The company had revenue of $54.80 million for the quarter, compared to analyst estimates of $54.28 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, research analysts expect that Freshpet Inc will post 0.08 EPS for the current year.



Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in Freshpet by 47.2% during the 4th quarter. Rhumbline Advisers now owns 34,841 shares of the company’s stock worth $1,120,000 after acquiring an additional 11,176 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Freshpet by 7.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,874 shares of the company’s stock worth $350,000 after acquiring an additional 753 shares during the period. Affinity Investment Advisors LLC bought a new stake in Freshpet during the 4th quarter worth approximately $362,000. Victory Capital Management Inc. grew its holdings in Freshpet by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 881,112 shares of the company’s stock valued at $28,336,000 after buying an additional 229,352 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in Freshpet by 4.5% during the 4th quarter. WINTON GROUP Ltd now owns 18,369 shares of the company’s stock valued at $591,000 after buying an additional 789 shares in the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on FRPT. Zacks Investment Research upgraded Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research report on Monday, May 6th. BidaskClub upgraded Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. TheStreet cut Freshpet from a “b” rating to a “c” rating in a research report on Monday, April 1st. Credit Suisse Group set a $36.00 price target on Freshpet and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Imperial Capital reiterated an “in-line” rating and set a $40.00 price target (up from $35.00) on shares of Freshpet in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.

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About Freshpet

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Insider Buying and Selling by Quarter for Freshpet (NASDAQ:FRPT)

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