Insider Selling: Freshpet Inc (FRPT) CFO Sells 10,000 Shares of Stock
Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the sale, the chief financial officer now owns 209,994 shares in the company, valued at $3,975,186.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Freshpet Inc (NASDAQ FRPT) traded up $0.15 during trading on Monday, hitting $19.20. 319,084 shares of the stock traded hands, compared to its average volume of 196,549. Freshpet Inc has a 12 month low of $9.25 and a 12 month high of $19.40.
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). The company had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. sell-side analysts expect that Freshpet Inc will post -0.11 EPS for the current fiscal year.
Several analysts have recently weighed in on FRPT shares. Oppenheimer reiterated a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a research note on Thursday, November 30th. Robert W. Baird set a $20.00 target price on shares of Freshpet and gave the stock a “buy” rating in a research note on Sunday, October 15th. Credit Suisse Group boosted their price target on shares of Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Finally, Susquehanna Bancshares began coverage on shares of Freshpet in a research note on Monday, October 2nd. They issued a “neutral” rating and a $15.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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.
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