Freshpet (NASDAQ:FRPT) Trading 5% Higher

Freshpet Inc (NASDAQ:FRPT)’s stock price traded up 5% during trading on Friday . The company traded as high as $73.17 and last traded at $72.39, 308,290 shares traded hands during mid-day trading. An increase of 18% from the average session volume of 261,661 shares. The stock had previously closed at $68.93.

A number of equities analysts have recently commented on the stock. Imperial Capital lifted their price target on shares of Freshpet from $40.00 to $55.00 and gave the company an “inline” rating in a research report on Friday, December 6th. Credit Suisse Group lifted their price target on shares of Freshpet from $58.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. William Blair reissued a “buy” rating on shares of Freshpet in a research report on Thursday, November 21st. ValuEngine lowered shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lifted their price target on shares of Freshpet from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Freshpet currently has an average rating of “Buy” and an average price target of $64.75.

The company has a market cap of $2.61 billion, a P/E ratio of -556.80 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $63.58 and its 200 day moving average price is $53.39.

In other news, COO Scott James Morris sold 1,175 shares of Freshpet stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $57.75, for a total value of $67,856.25. Following the transaction, the chief operating officer now owns 161,623 shares of the company’s stock, valued at $9,333,728.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Richard A. Kassar sold 5,000 shares of Freshpet stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the chief financial officer now directly owns 148,996 shares in the company, valued at approximately $8,194,780. The disclosure for this sale can be found here. In the last three months, insiders sold 10,175 shares of company stock worth $558,696. Insiders own 4.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in Freshpet by 127.3% during the third quarter. California Public Employees Retirement System now owns 82,607 shares of the company’s stock worth $4,111,000 after acquiring an additional 46,261 shares during the period. Barclays PLC increased its position in Freshpet by 21.2% during the third quarter. Barclays PLC now owns 30,551 shares of the company’s stock worth $1,520,000 after acquiring an additional 5,346 shares during the period. Squarepoint Ops LLC increased its position in Freshpet by 32.3% during the third quarter. Squarepoint Ops LLC now owns 32,903 shares of the company’s stock worth $1,638,000 after acquiring an additional 8,038 shares during the period. California State Teachers Retirement System increased its position in Freshpet by 12.2% during the third quarter. California State Teachers Retirement System now owns 53,638 shares of the company’s stock worth $2,670,000 after acquiring an additional 5,834 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Freshpet during the third quarter worth $1,554,000.

About Freshpet (NASDAQ:FRPT)

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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