Freshpet (NASDAQ:FRPT) Director Daryl Brewster Acquires 211 Shares

Freshpet, Inc. (NASDAQ:FRPTGet Free Report) Director Daryl Brewster bought 211 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $47.52 per share, with a total value of $10,026.72. Following the transaction, the director directly owned 59,545 shares of the company’s stock, valued at approximately $2,829,578.40. This trade represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $51.58 on Friday. Freshpet, Inc. has a 1-year low of $46.45 and a 1-year high of $86.31. The business has a 50-day moving average of $61.18 and a 200-day moving average of $64.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.18 and a quick ratio of 5.26. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 13.79 and a beta of 1.73.

Freshpet (NASDAQ:FRPTGet Free Report) last issued its earnings results on Monday, February 23rd. The company reported $0.64 earnings per share 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 during the quarter, compared to the consensus estimate of $285.66 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Freshpet, Inc. will post 1.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on FRPT shares. JPMorgan Chase & Co. raised Freshpet from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $68.00 in a report on Thursday, May 7th. DA Davidson increased their price target on Freshpet from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 13th. Oppenheimer raised Freshpet from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, March 20th. Stifel Nicolaus set a $66.00 price target on Freshpet in a report on Thursday, May 7th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $77.00 price target on shares of Freshpet in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.88.

Read Our Latest Report on Freshpet

Institutional Trading of Freshpet

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Freshpet by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock worth $321,822,000 after purchasing an additional 128,499 shares during the period. Wasatch Advisors LP boosted its position in Freshpet by 5.2% during the 1st quarter. Wasatch Advisors LP now owns 4,141,437 shares of the company’s stock valued at $244,179,000 after purchasing an additional 204,128 shares during the period. William Blair Investment Management LLC grew its stake in Freshpet by 30.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock worth $118,982,000 after buying an additional 461,444 shares during the last quarter. Capital World Investors grew its stake in Freshpet by 7.1% during the 4th quarter. Capital World Investors now owns 1,587,691 shares of the company’s stock worth $96,738,000 after buying an additional 104,913 shares during the last quarter. Finally, Armistice Capital LLC grew its stake in Freshpet by 5.0% during the 4th quarter. Armistice Capital LLC now owns 1,296,000 shares of the company’s stock worth $78,965,000 after buying an additional 61,198 shares during the last quarter.

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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