Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 18,393 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.25, for a total transaction of $887,462.25. Following the sale, the chief financial officer now owns 194,334 shares of the company’s stock, valued at $9,376,615.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of FRPT stock traded down $0.16 during trading on Thursday, hitting $47.35. 5,602 shares of the company were exchanged, compared to its average volume of 308,477. The stock has a market cap of $1.74 billion, a P/E ratio of -312.80 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.72 and a current ratio of 1.08. Freshpet Inc has a twelve month low of $23.95 and a twelve month high of $49.41.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $54.80 million for the quarter, compared to the consensus estimate of $54.28 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 4.46%. Freshpet’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) EPS. Sell-side analysts predict that Freshpet Inc will post 0.08 EPS for the current year.
Several research firms recently commented on FRPT. Zacks Investment Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Monday, May 6th. BidaskClub cut shares of Freshpet from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TheStreet cut shares of Freshpet from a “b” rating to a “c” rating in a report on Monday, April 1st. Imperial Capital restated an “in-line” rating and set a $40.00 price target (up from $35.00) on shares of Freshpet in a report on Monday, March 4th. Finally, Credit Suisse Group set a $36.00 price target on shares of Freshpet and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $40.00.
A number of institutional investors and hedge funds have recently modified their holdings of FRPT. FMR LLC raised its position in Freshpet by 749.2% during the first quarter. FMR LLC now owns 2,538,489 shares of the company’s stock valued at $107,353,000 after acquiring an additional 2,239,553 shares in the last quarter. Champlain Investment Partners LLC bought a new position in Freshpet during the first quarter valued at approximately $21,016,000. Victory Capital Management Inc. raised its position in Freshpet by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 881,112 shares of the company’s stock valued at $28,336,000 after acquiring an additional 229,352 shares in the last quarter. Renaissance Technologies LLC raised its position in Freshpet by 136.4% during the first quarter. Renaissance Technologies LLC now owns 381,100 shares of the company’s stock valued at $16,117,000 after acquiring an additional 219,900 shares in the last quarter. Finally, Columbus Circle Investors bought a new position in Freshpet during the first quarter valued at approximately $7,478,000. 86.75% of the stock is currently owned by hedge funds and other institutional investors.
Freshpet Company Profile
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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