Freshpet, Inc. (NASDAQ:FRPT) Insider Thembeka Machaba Sells 2,500 Shares

Freshpet, Inc. (NASDAQ:FRPT) insider Thembeka Machaba sold 2,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $153.85, for a total transaction of $384,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Freshpet Price Performance

Shares of FRPT stock opened at $155.08 on Wednesday. Freshpet, Inc. has a 52 week low of $66.36 and a 52 week high of $159.12. The stock has a market capitalization of $7.53 billion, a PE ratio of 174.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.69 and a current ratio of 4.72. The stock’s fifty day moving average is $140.13 and its 200-day moving average is $131.39.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter last year, the company posted ($0.15) EPS. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. Equities research analysts expect that Freshpet, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Freshpet during the third quarter valued at $29,000. ORG Partners LLC bought a new position in shares of Freshpet in the 2nd quarter valued at about $32,000. GAMMA Investing LLC grew its position in shares of Freshpet by 41.1% during the 2nd quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock worth $48,000 after buying an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Freshpet by 3,670.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 377 shares of the company’s stock worth $49,000 after buying an additional 367 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Freshpet in the second quarter valued at approximately $52,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FRPT. Truist Financial raised their price objective on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price target on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of Freshpet in a research note on Friday, November 1st. Finally, Citigroup raised their price target on shares of Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.13.

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.