Freshpet, Inc. (NASDAQ:FRPT) COO Scott James Morris Sells 3,632 Shares

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) COO Scott James Morris sold 3,632 shares of Freshpet stock in a transaction on Friday, March 15th. The shares were sold at an average price of $109.86, for a total value of $399,011.52. Following the transaction, the chief operating officer now directly owns 122,380 shares of the company's stock, valued at $13,444,666.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott James Morris also recently made the following trade(s):

• On Thursday, February 29th, Scott James Morris sold 2,500 shares of Freshpet stock. The shares were sold at an average price of $113.76, for a total transaction of $284,400.00.
• On Monday, March 4th, Scott James Morris sold 2,500 shares of Freshpet stock. The stock was sold at an average price of $112.02, for a total value of $280,050.00.

Freshpet Trading Down 0.2 %

Shares of Freshpet stock traded down $0.25 during trading on Thursday, reaching $112.50. 477,634 shares of the company were exchanged, compared to its average volume of 629,960. The business has a 50-day moving average price of $104.69 and a 200-day moving average price of $84.00. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of -158.45 and a beta of 1.23. The company has a quick ratio of 4.08, a current ratio of 4.79 and a debt-to-equity ratio of 0.44. Freshpet, Inc. has a twelve month low of $54.60 and a twelve month high of $117.76.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.22. Freshpet had a negative net margin of 4.38% and a negative return on equity of 3.56%. The business had revenue of $215.40 million for the quarter, compared to the consensus estimate of $204.93 million. During the same period last year, the company posted ($0.06) EPS. Freshpet's revenue for the quarter was up 29.9% on a year-over-year basis. Sell-side analysts anticipate that Freshpet, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oak Thistle LLC bought a new stake in Freshpet in the 4th quarter valued at $1,200,000. Trust Point Inc. acquired a new position in shares of Freshpet during the fourth quarter worth about $963,000. William Blair Investment Management LLC grew its holdings in shares of Freshpet by 4.2% during the third quarter. William Blair Investment Management LLC now owns 2,740,708 shares of the company's stock worth $180,558,000 after buying an additional 110,383 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in shares of Freshpet during the third quarter worth about $5,621,000. Finally, JPMorgan Chase & Co. lifted its stake in Freshpet by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,118,646 shares of the company's stock valued at $139,576,000 after acquiring an additional 17,678 shares in the last quarter.

Analyst Upgrades and Downgrades

FRPT has been the subject of a number of research reports. Citigroup began coverage on Freshpet in a research note on Thursday, February 1st. They issued a "neutral" rating and a $94.00 target price for the company. Truist Financial upgraded shares of Freshpet from a "hold" rating to a "buy" rating and raised their price objective for the company from $120.00 to $135.00 in a research report on Monday, March 11th. Piper Sandler upped their target price on shares of Freshpet from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Freshpet from $67.00 to $102.00 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Freshpet from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.36.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.