Freshpet, Inc. (NASDAQ:FRPT) Insider Sells $384,625.00 in Stock

Freshpet, Inc. (NASDAQ:FRPT) insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Freshpet Price Performance

NASDAQ FRPT opened at $150.83 on Friday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a 12 month low of $68.14 and a 12 month high of $159.12. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 169.47 and a beta of 1.39. The company’s 50 day moving average is $140.68 and its two-hundred day moving average is $131.68.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The business had revenue of $253.40 million for the quarter, compared to the consensus estimate of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. As a group, research analysts anticipate that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

FRPT has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer upped their price target on Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird upped their price objective on shares of Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, DA Davidson boosted their price target on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Wealth Partners LLC purchased a new position in Freshpet in the third quarter worth about $29,000. ORG Partners LLC bought a new stake in shares of Freshpet in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of Freshpet by 41.1% in the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after purchasing an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Freshpet by 3,670.0% during the 2nd 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 last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Freshpet during the 2nd quarter valued at approximately $52,000.

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.