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

Freshpet, Inc. (NASDAQ:FRPT) insider Thembeka Machaba sold 2,500 shares of Freshpet stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $153.85, for a total value of $384,625.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Freshpet Price Performance

Freshpet stock opened at $150.83 on Friday. Freshpet, Inc. has a 12-month low of $68.14 and a 12-month high of $159.12. The firm’s 50-day moving average is $140.68 and its two-hundred day moving average is $131.68. The stock has a market capitalization of $7.32 billion, a P/E ratio of 169.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.72 and a quick ratio of 3.91.

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

Institutional Trading of Freshpet

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

Analysts Set New Price Targets

FRPT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on Freshpet from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Oppenheimer boosted their target price on Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $150.00 price target on shares of Freshpet in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Freshpet has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

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.