Freshpet, Inc. (FRPT) Insider Scott James Morris Sells 20,000 Shares

Freshpet, Inc. (NASDAQ:FRPT) insider Scott James Morris sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $17.26, for a total value of $345,200.00. Following the completion of the transaction, the insider now directly owns 212,307 shares of the company’s stock, valued at $3,664,418.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott James Morris also recently made the following trade(s):

  • On Friday, November 10th, Scott James Morris sold 10,000 shares of Freshpet stock. The stock was sold at an average price of $17.20, for a total value of $172,000.00.
  • 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 value of $33,195.80.

Freshpet, Inc. (NASDAQ FRPT) traded down $0.28 during trading on Tuesday, reaching $17.12. The company had a trading volume of 273,500 shares, compared to its average volume of 198,169. Freshpet, Inc. has a 52-week low of $8.60 and a 52-week 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, meeting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $41.20 million during the quarter, compared to analyst estimates of $41.19 million. Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. equities analysts predict that Freshpet, Inc. will post -0.11 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on the company. BidaskClub cut Freshpet from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. boosted their price target on Freshpet from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Credit Suisse Group AG boosted their price target on Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Finally, Susquehanna Bancshares Inc assumed coverage on Freshpet in a report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.36.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Freshpet by 1.4% in the second quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock valued at $122,000 after purchasing an additional 103 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Freshpet by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,936 shares of the company’s stock valued at $1,145,000 after purchasing an additional 380 shares during the last quarter. Citadel Advisors LLC increased its stake in Freshpet by 4.0% in the second quarter. Citadel Advisors LLC now owns 19,358 shares of the company’s stock valued at $321,000 after purchasing an additional 750 shares during the last quarter. American International Group Inc. increased its stake in Freshpet by 7.1% in the first quarter. American International Group Inc. now owns 13,762 shares of the company’s stock valued at $151,000 after purchasing an additional 917 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Freshpet by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock valued at $343,000 after purchasing an additional 1,144 shares during the last quarter. Hedge funds and other institutional investors own 68.29% of the company’s stock.

Freshpet Company Profile

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.

Insider Buying and Selling by Quarter for Freshpet (NASDAQ:FRPT)

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