Scott James Morris Sells 5,000 Shares of Freshpet, Inc. (NASDAQ:FRPT) Stock

Freshpet, Inc. (NASDAQ:FRPT) President Scott James Morris sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.13, for a total value of $790,650.00. Following the sale, the president now directly owns 122,380 shares in the company, valued at $19,351,949.40. This represents a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Freshpet Price Performance

Shares of NASDAQ FRPT traded down $2.68 during trading on Wednesday, hitting $153.24. 323,197 shares of the company were exchanged, compared to its average volume of 580,321. The firm’s fifty day moving average price is $143.27 and its 200 day moving average price is $134.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 175.19 and a beta of 1.39. Freshpet, Inc. has a 1 year low of $68.22 and a 1 year high of $160.91.

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

Institutional Trading of Freshpet

Several large investors have recently modified their holdings of the business. ORG Wealth Partners LLC acquired a new position in Freshpet in the 3rd quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Freshpet during the 3rd quarter worth about $32,000. ORG Partners LLC acquired a new stake in shares of Freshpet in the second quarter worth approximately $32,000. GAMMA Investing LLC boosted its position in shares of Freshpet by 41.1% in the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after acquiring an additional 108 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Freshpet by 3,670.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock valued at $49,000 after purchasing an additional 367 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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 note on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. StockNews.com cut Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Robert W. Baird increased their price target on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Freshpet currently has an average rating of “Moderate Buy” and a consensus price target of $157.80.

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.