Freshpet, Inc. (FRPT) Insider Scott James Morris Sells 20,000 Shares

Freshpet, Inc. (NASDAQ:FRPT) insider Scott James Morris sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $17.26, for a total transaction of $345,200.00. Following the transaction, the insider now owns 212,307 shares in the company, valued at $3,664,418.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, November 10th, Scott James Morris sold 10,000 shares of Freshpet stock. The stock was sold at an average price of $17.20, for a total transaction of $172,000.00.
  • On Friday, September 15th, Scott James Morris sold 2,101 shares of Freshpet stock. The shares were sold at an average price of $15.80, for a total transaction of $33,195.80.

Shares of Freshpet, Inc. (NASDAQ FRPT) traded up $0.17 during midday trading on Wednesday, hitting $17.30. 134,500 shares of the company’s stock traded hands, compared to its average volume of 197,880. Freshpet, Inc. has a 12 month low of $8.60 and a 12 month high of $18.25.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $41.20 million for the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. equities research analysts expect that Freshpet, Inc. will post -0.11 EPS for the current fiscal year.

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Several analysts have issued reports on FRPT shares. Imperial Capital started coverage on shares of Freshpet in a report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 price target on the stock. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target (up previously from $14.00) on shares of Freshpet in a report on Thursday, July 20th. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, July 24th. BidaskClub downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. upped their price target on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.36.

Several institutional investors and hedge funds have recently made changes to their positions in FRPT. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Freshpet by 117.1% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock valued at $26,331,000 after buying an additional 907,644 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Freshpet during the second quarter valued at approximately $7,470,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Freshpet by 60.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock valued at $10,589,000 after buying an additional 254,789 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Freshpet during the second quarter valued at approximately $4,150,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Freshpet by 10.2% during the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock valued at $42,124,000 after buying an additional 233,847 shares during the period. 68.29% of the stock is currently owned by institutional investors and hedge funds.

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’s products consist of dog food, cat food, and dog and cat treats.

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

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