Insider Selling: Freshpet Inc. (FRPT) VP Sells $79,279.20 in Stock
Freshpet Inc. (NASDAQ:FRPT) VP Mary Kathryn Winstanley sold 7,920 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $10.01, for a total value of $79,279.20. Following the completion of the transaction, the vice president now owns 24,404 shares in the company, valued at approximately $244,284.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Freshpet Inc. (NASDAQ:FRPT) opened at 9.16 on Wednesday. The firm has a 50-day moving average price of $10.12 and a 200-day moving average price of $9.01. The stock’s market capitalization is $291.29 million. Freshpet Inc. has a 52-week low of $5.60 and a 52-week high of $11.81.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.07. Freshpet had a negative return on equity of 3.80% and a negative net margin of 3.12%. The company earned $33 million during the quarter, compared to the consensus estimate of $32.92 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that Freshpet Inc. will post ($0.12) EPS for the current year.
Several hedge funds have recently modified their holdings of FRPT. Blair William & Co. IL boosted its stake in shares of Freshpet by 6.0% in the second quarter. Blair William & Co. IL now owns 116,705 shares of the company’s stock worth $1,089,000 after buying an additional 6,650 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Freshpet during the second quarter worth approximately $299,000. Boston Partners boosted its stake in shares of Freshpet by 2.8% in the second quarter. Boston Partners now owns 814,250 shares of the company’s stock worth $7,597,000 after buying an additional 22,481 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in shares of Freshpet during the second quarter worth approximately $586,000. Finally, DIAM Co. Ltd. boosted its stake in shares of Freshpet by 12.4% in the second quarter. DIAM Co. Ltd. now owns 35,400 shares of the company’s stock worth $330,000 after buying an additional 3,900 shares in the last quarter. 66.93% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on FRPT shares. Stephens upgraded Freshpet from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Wedbush downgraded Freshpet from an “outperform” rating to a “neutral” rating and increased their price target for the company from $10.00 to $11.00 in a research report on Monday, August 15th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Freshpet in a research report on Friday, July 15th. TheStreet downgraded Freshpet from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $10.00 price target on shares of Freshpet in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.56.
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 offers products consisting of dog food, cat food, and dog and cat treats.
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