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

Freshpet Inc (NASDAQ:FRPT) insider Scott James Morris sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.71, for a total value of $46,775.00. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were 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 shares were 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 shares were 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 (NASDAQ:FRPT) traded up $0.10 during trading hours on Thursday, reaching $19.00. The company had a trading volume of 248,239 shares, compared to its average volume of 196,920. Freshpet Inc has a one year low of $8.70 and a one year high of $19.10.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The company had revenue of $41.20 million for the quarter, compared to analyst estimates of $41.19 million. During the same quarter in the prior year, the firm posted $0.02 EPS. Freshpet’s quarterly 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 fiscal year.

A number of large investors have recently added to or reduced their stakes in FRPT. Gilder Gagnon Howe & Co. LLC raised its holdings in Freshpet by 117.1% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock valued at $26,331,000 after buying an additional 907,644 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Freshpet in the second quarter worth $7,470,000. Emerald Mutual Fund Advisers Trust increased its stake in Freshpet by 60.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after purchasing an additional 254,789 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in Freshpet in the second quarter worth $4,150,000. Finally, Alliancebernstein L.P. increased its stake in Freshpet by 10.2% in the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock worth $42,124,000 after purchasing an additional 233,847 shares during the period. Institutional investors own 69.65% of the company’s stock.

A number of research firms have recently commented on FRPT. Zacks Investment Research downgraded Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. SunTrust Banks increased their target price on Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Credit Suisse Group increased 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. BidaskClub lowered Freshpet from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.36.

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About Freshpet

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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