Freshpet (NASDAQ:FRPT) Director Purchases $64,920.00 in Stock

Freshpet, Inc. (NASDAQ:FRPTGet Free Report) Director Walter George bought 1,000 shares of Freshpet stock in a transaction on Monday, September 14th. The shares were bought at an average price of $64.92 per share, for a total transaction of $64,920.00. Following the acquisition, the director owned 51,746 shares of the company’s stock, valued at approximately $3,359,350.32. The trade was a 1.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Freshpet Stock Performance

Shares of FRPT stock opened at $61.44 on Friday. The stock has a market cap of $3.02 billion, a PE ratio of 16.17 and a beta of 1.66. The stock has a 50-day moving average of $65.80 and a 200-day moving average of $62.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.05 and a quick ratio of 5.03. Freshpet, Inc. has a one year low of $46.45 and a one year high of $86.00.

Freshpet (NASDAQ:FRPTGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.17. The firm had revenue of $305.59 million during the quarter, compared to analysts’ expectations of $292.35 million. Freshpet had a net margin of 17.28% and a return on equity of 5.97%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. As a group, sell-side analysts expect that Freshpet, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

FRPT has been the subject of several research analyst reports. DA Davidson decreased their price objective on Freshpet from $101.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $72.00 target price (down from $77.00) on shares of Freshpet in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Freshpet from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Bank of America dropped their price target on Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Finally, Benchmark restated a “buy” rating on shares of Freshpet in a report on Wednesday, August 19th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.31.

Get Our Latest Stock Analysis on Freshpet

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC increased its holdings in Freshpet by 30.9% during the fourth 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. California State Teachers Retirement System lifted its stake in Freshpet by 27.2% in the first quarter. California State Teachers Retirement System now owns 59,465 shares of the company’s stock valued at $3,506,000 after acquiring an additional 12,732 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in Freshpet in the fourth quarter valued at $1,722,000. WINTON GROUP Ltd bought a new position in shares of Freshpet in the 4th quarter valued at about $3,363,000. Finally, Commerce Bank acquired a new position in shares of Freshpet during the 2nd quarter worth about $3,030,000.

Freshpet Company Profile

(Get Free Report)

Freshpet, Inc is a pet food company that develops, manufactures and markets fresh, refrigerated food and treats for dogs and cats. Its products are made with ingredients such as meat, poultry, fish, vegetables and other nutrients, and are positioned as an alternative to conventional shelf-stable pet food.

The company sells products primarily under the Freshpet brand, including refrigerated meals, rolls, recipes and treats. Freshpet products are distributed through grocery stores, mass retailers, pet specialty stores, natural and specialty food retailers, and e-commerce channels.

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

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