Freshpet, Inc. (NASDAQ:FRPT) CFO Richard A. Kassar sold 23,239 shares of Freshpet stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.00, for a total value of $371,824.00. Following the transaction, the chief financial officer now owns 208,971 shares in the company, valued at approximately $3,343,536. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Freshpet, Inc. (FRPT) traded up 1.58% during midday trading on Wednesday, hitting $16.05. The company had a trading volume of 219,337 shares. Freshpet, Inc. has a 52-week low of $7.60 and a 52-week high of $18.25. The firm’s market cap is $510.39 million. The stock has a 50 day moving average of $16.49 and a 200 day moving average of $13.50.
Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.01. The firm had revenue of $39.97 million during the quarter, compared to analysts’ expectations of $38.09 million. Freshpet had a negative return on equity of 3.44% and a negative net margin of 2.57%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. On average, analysts anticipate that Freshpet, Inc. will post ($0.10) EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. Emerald Advisers Inc. PA raised its position in Freshpet by 30.4% in the first quarter. Emerald Advisers Inc. PA now owns 575,586 shares of the company’s stock valued at $6,331,000 after buying an additional 134,308 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Freshpet during the first quarter valued at approximately $183,000. Investment House LLC bought a new position in Freshpet during the second quarter valued at approximately $1,244,000. Emerald Mutual Fund Advisers Trust bought a new position in Freshpet during the first quarter valued at approximately $2,891,000. Finally, KBC Group NV raised its position in Freshpet by 250.4% in the first quarter. KBC Group NV now owns 36,717 shares of the company’s stock valued at $404,000 after buying an additional 26,238 shares during the period. 63.86% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. SunTrust Banks, Inc. lifted their price objective on Freshpet from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective (up previously from $14.00) on shares of Freshpet in a research report on Thursday, July 20th. Imperial Capital assumed coverage on Freshpet in a research report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 target price on the stock. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their target price on Freshpet from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Freshpet currently has an average rating of “Hold” and a consensus target price of $16.36.
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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