Daryl Brewster Purchases 211 Shares of Freshpet (NASDAQ:FRPT) Stock

Freshpet, Inc. (NASDAQ:FRPT) Director Daryl Brewster acquired 211 shares of Freshpet stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $47.52 per share, with a total value of $10,026.72. Following the purchase, the director owned 59,545 shares of the company’s stock, valued at $2,829,578.40. The trade was a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Freshpet Stock Performance

NASDAQ FRPT traded up $0.28 on Friday, reaching $51.58. The stock had a trading volume of 1,708,536 shares, compared to its average volume of 1,533,494. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18. Freshpet, Inc. has a 12-month low of $46.45 and a 12-month high of $86.31. The business’s 50-day moving average price is $61.76 and its 200 day moving average price is $64.27. The stock has a market cap of $2.53 billion, a P/E ratio of 13.79 and a beta of 1.73.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. Freshpet had a return on equity of 6.22% and a net margin of 17.63%.The company had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.66 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Freshpet, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FRPT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freshpet in a report on Monday, April 20th. Benchmark upped their target price on shares of Freshpet from $90.00 to $93.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $63.00 target price on shares of Freshpet in a report on Thursday, May 7th. TD Cowen upgraded Freshpet from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $77.00 price target on shares of Freshpet in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.88.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Optimize Financial Inc raised its holdings in Freshpet by 1.4% during the fourth quarter. Optimize Financial Inc now owns 10,957 shares of the company’s stock worth $668,000 after purchasing an additional 156 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Freshpet by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,164 shares of the company’s stock worth $680,000 after purchasing an additional 161 shares in the last quarter. Parallel Advisors LLC raised its holdings in Freshpet by 55.0% during the third quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Freshpet by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 882 shares of the company’s stock worth $53,000 after purchasing an additional 214 shares in the last quarter. Finally, Ossiam raised its holdings in Freshpet by 81.1% during the second quarter. Ossiam now owns 509 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares in the last quarter.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.