By otakuyassine3@gmail.com 
Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) saw an uptick in trading volume on Tuesday . 1,379,077 shares were traded during trading, an increase of 165% from the previous session’s volume of 519,472 shares.The stock last traded at $155.99 and had previously closed at $159.20.
Analyst Ratings Changes
A number of analysts have issued reports on FRPT shares. Oppenheimer raised their target price on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. StockNews.com lowered Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Robert W. Baird raised their target price on Freshpet from $157.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their price objective on shares of Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.36.
Get Our Latest Stock Report on FRPT
Freshpet Price Performance
The stock has a fifty day moving average of $151.04 and a 200-day moving average of $142.00. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.55 billion, a P/E ratio of 174.86 and a beta of 1.42.
Freshpet (NASDAQ:FRPT – Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The company had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same period in the prior year, the business earned ($0.15) earnings per share. Freshpet’s quarterly revenue was up 26.3% on a year-over-year basis. Equities analysts predict that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.
Insider Activity
In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Scott James Morris sold 5,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,260,164.40. This trade represents a 3.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,500 shares of company stock valued at $1,962,175. Company insiders own 3.70% of the company’s stock.
Institutional Trading of Freshpet
A number of institutional investors and hedge funds have recently modified their holdings of FRPT. The Manufacturers Life Insurance Company raised its holdings in Freshpet by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 11,512 shares of the company’s stock worth $1,490,000 after purchasing an additional 352 shares during the period. GAMMA Investing LLC raised its stake in Freshpet by 29.6% during the 3rd quarter. GAMMA Investing LLC now owns 481 shares of the company’s stock worth $66,000 after buying an additional 110 shares during the period. CWM LLC lifted its holdings in Freshpet by 828.4% during the third quarter. CWM LLC now owns 4,605 shares of the company’s stock worth $630,000 after acquiring an additional 4,109 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Freshpet in the third quarter valued at about $29,000. Finally, Trust Point Inc. increased its holdings in shares of Freshpet by 2.8% in the third quarter. Trust Point Inc. now owns 16,427 shares of the company’s stock worth $2,247,000 after acquiring an additional 443 shares in the last quarter.
Freshpet Company Profile
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.
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