Freshpet Inc (NASDAQ:FRPT) insider Scott James Morris sold 49,766 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $47.79, for a total value of $2,378,317.14. Following the transaction, the insider now owns 170,232 shares of the company’s stock, valued at $8,135,387.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ FRPT opened at $48.50 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market cap of $1.71 billion, a PE ratio of -323.33 and a beta of 1.22. Freshpet Inc has a 12-month low of $23.75 and a 12-month high of $49.41.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The business had revenue of $54.80 million for the quarter, compared to analyst estimates of $54.28 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Freshpet Inc will post 0.08 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in Freshpet by 749.2% during the first quarter. FMR LLC now owns 2,538,489 shares of the company’s stock worth $107,353,000 after purchasing an additional 2,239,553 shares in the last quarter. BlackRock Inc. raised its holdings in Freshpet by 2.1% during the first quarter. BlackRock Inc. now owns 1,916,282 shares of the company’s stock worth $81,040,000 after purchasing an additional 39,144 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Freshpet by 1.5% during the first quarter. JPMorgan Chase & Co. now owns 993,411 shares of the company’s stock worth $42,012,000 after purchasing an additional 14,796 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Freshpet by 5.0% during the first quarter. Victory Capital Management Inc. now owns 925,062 shares of the company’s stock worth $39,121,000 after purchasing an additional 43,950 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in Freshpet by 11.2% during the first quarter. Wasatch Advisors Inc. now owns 649,955 shares of the company’s stock worth $27,487,000 after purchasing an additional 65,505 shares in the last quarter. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub downgraded Freshpet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Monday, May 6th. TheStreet downgraded Freshpet from a “b” rating to a “c” rating in a research report on Monday, April 1st. Credit Suisse Group set a $36.00 price objective on Freshpet and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Imperial Capital reiterated an “in-line” rating and set a $40.00 price objective (up from $35.00) on shares of Freshpet in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Freshpet has a consensus rating of “Buy” and an average price target of $40.00.

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Freshpet Company Profile

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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

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