Freshpet, Inc. (NASDAQ:FRPT) Insider Thembeka Machaba Sells 2,500 Shares

Freshpet, Inc. (NASDAQ:FRPT) insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $153.85, for a total transaction of $384,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Freshpet Price Performance

Shares of Freshpet stock opened at $155.08 on Wednesday. The firm has a market cap of $7.53 billion, a PE ratio of 174.25 and a beta of 1.39. The stock has a 50 day moving average of $140.13 and a 200 day moving average of $131.39. The company has a current ratio of 4.72, a quick ratio of 3.69 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 12 month low of $66.36 and a 12 month high of $159.12.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. Freshpet’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. On average, research analysts expect that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Freshpet

Hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in Freshpet during the third quarter worth approximately $29,000. ORG Partners LLC bought a new position in shares of Freshpet during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC lifted its position in Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Freshpet by 3,670.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after buying an additional 367 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Freshpet during the second quarter valued at $52,000.

Analyst Ratings Changes

A number of brokerages have commented on FRPT. Robert W. Baird upped their target price on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. DA Davidson lifted their target price on Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Freshpet currently has a consensus rating of “Moderate Buy” and an average target price of $156.13.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.