Freshpet Inc (FRPT) Insider Sells $46,775.00 in Stock

Freshpet Inc (NASDAQ:FRPT) insider Scott James Morris sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.71, for a total value of $46,775.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, November 16th, Scott James Morris sold 5,647 shares of Freshpet stock. The stock was sold at an average price of $17.96, for a total value of $101,420.12.
  • 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 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 value of $345,200.00.
  • On Friday, September 15th, Scott James Morris sold 2,101 shares of Freshpet stock. The shares were sold at an average price of $15.80, for a total value of $33,195.80.

Freshpet Inc (FRPT) traded down $0.25 during trading on Friday, hitting $18.75. The stock had a trading volume of 154,455 shares, compared to its average volume of 231,680. Freshpet Inc has a 52-week low of $8.90 and a 52-week high of $19.10.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The firm had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter last year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. research analysts expect that Freshpet Inc will post -0.11 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its position in Freshpet by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock worth $122,000 after acquiring an additional 103 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Freshpet during the 1st quarter worth about $122,000. American International Group Inc. lifted its position in Freshpet by 7.1% during the 1st quarter. American International Group Inc. now owns 13,762 shares of the company’s stock worth $151,000 after acquiring an additional 917 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Freshpet during the 1st quarter worth about $155,000. Finally, Voya Investment Management LLC acquired a new stake in Freshpet during the 2nd quarter worth about $188,000. 69.65% of the stock is owned by institutional investors.

FRPT has been the topic of a number of analyst reports. Oppenheimer reiterated a “hold” rating on shares of Freshpet in a report on Friday. TheStreet upgraded Freshpet from a “d+” rating to a “c-” rating in a report on Thursday. Robert W. Baird set a $20.00 price target on Freshpet and gave the company a “buy” rating in a report on Sunday, October 15th. Credit Suisse Group lifted their price target on Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, November 7th. Finally, Susquehanna Bancshares began coverage on Freshpet in a report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Two 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’s stock. Freshpet has a consensus rating of “Hold” and a consensus target price of $18.36.

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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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