Freshpet, Inc. (NASDAQ:FRPT) COO Scott James Morris sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.20, for a total transaction of $172,000.00. Following the completion of the transaction, the chief operating officer now directly owns 212,307 shares in the company, valued at approximately $3,651,680.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Scott James Morris also recently made the following trade(s):
- On Tuesday, November 14th, Scott James Morris sold 20,000 shares of Freshpet stock. The stock was sold at an average price of $17.26, for a total transaction of $345,200.00.
- On Friday, September 15th, Scott James Morris sold 2,101 shares of Freshpet stock. The stock was sold at an average price of $15.80, for a total transaction of $33,195.80.
Freshpet, Inc. (NASDAQ FRPT) traded down $0.28 during midday trading on Tuesday, reaching $17.12. 273,500 shares of the company’s stock were exchanged, compared to its average volume of 198,169. Freshpet, Inc. has a 12 month low of $8.60 and a 12 month high of $18.25.
Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company had revenue of $41.20 million for the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter last year, the business earned $0.02 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. equities analysts forecast that Freshpet, Inc. will post -0.11 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. bought a new stake in Freshpet during the 3rd quarter worth approximately $2,591,000. Schwab Charles Investment Management Inc. raised its stake in Freshpet by 43.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 99,125 shares of the company’s stock worth $1,552,000 after acquiring an additional 30,189 shares during the period. Wells Fargo & Company MN raised its stake in Freshpet by 28.1% during the 3rd quarter. Wells Fargo & Company MN now owns 177,505 shares of the company’s stock worth $2,778,000 after acquiring an additional 38,915 shares during the period. JPMorgan Chase & Co. raised its stake in Freshpet by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after acquiring an additional 73,182 shares during the period. Finally, Brighton Jones LLC bought a new stake in Freshpet during the 3rd quarter worth approximately $232,000. Institutional investors own 68.29% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Imperial Capital assumed coverage on shares of Freshpet in a report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 price objective on the stock. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective (up previously from $14.00) on shares of Freshpet in a report on Thursday, July 20th. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Monday, July 24th. Robert W. Baird set a $20.00 price objective on shares of Freshpet and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, BidaskClub downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Freshpet presently has a consensus rating of “Hold” and an average price target of $18.36.
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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