William Cyr Sells 42,692 Shares of Freshpet (NASDAQ:FRPT) Stock

Freshpet, Inc. (NASDAQ:FRPTGet Free Report) CEO William Cyr sold 42,692 shares of Freshpet stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $48.90, for a total value of $2,087,638.80. Following the completion of the sale, the chief executive officer owned 185,123 shares in the company, valued at approximately $9,052,514.70. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Freshpet Price Performance

FRPT stock traded down $1.06 during trading on Tuesday, hitting $47.39. The stock had a trading volume of 1,616,492 shares, compared to its average volume of 1,512,846. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.18 and a quick ratio of 5.26. Freshpet, Inc. has a twelve month low of $46.76 and a twelve month high of $89.80. The stock has a market capitalization of $2.33 billion, a P/E ratio of 12.67 and a beta of 1.73. The company’s 50-day moving average price is $63.76 and its two-hundred day moving average price is $64.31.

Freshpet (NASDAQ:FRPTGet Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.21. Freshpet had a return on equity of 6.22% and a net margin of 17.63%.The company had revenue of $285.23 million for the quarter, compared to analysts’ expectations of $285.66 million. During the same period in the previous year, the firm posted $0.36 EPS. Freshpet’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Freshpet, Inc. will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JANA Partners Management LP boosted its holdings in shares of Freshpet by 4.1% during the 3rd quarter. JANA Partners Management LP now owns 1,048,136 shares of the company’s stock worth $57,763,000 after purchasing an additional 41,373 shares during the last quarter. Western Standard LLC acquired a new position in shares of Freshpet during the 3rd quarter worth approximately $3,527,000. ING Groep NV acquired a new position in shares of Freshpet during the 3rd quarter worth approximately $6,354,000. Public Sector Pension Investment Board raised its position in shares of Freshpet by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 190,296 shares of the company’s stock valued at $10,487,000 after buying an additional 24,045 shares during the period. Finally, Deepwater Asset Management LLC lifted its holdings in Freshpet by 14.3% in the third quarter. Deepwater Asset Management LLC now owns 190,301 shares of the company’s stock valued at $10,487,000 after acquiring an additional 23,768 shares during the last quarter.

Analysts Set New Price Targets

FRPT has been the topic of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Freshpet in a report on Tuesday, February 24th. DA Davidson lifted their price objective on Freshpet from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Oppenheimer upgraded Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, March 20th. JPMorgan Chase & Co. upgraded Freshpet from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $68.00 in a report on Thursday, May 7th. Finally, Benchmark boosted their target price on Freshpet from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.88.

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Freshpet Company Profile

(Get Free Report)

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.

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

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