Freshpet Inc (FRPT) CFO Richard A. Kassar Sells 15,000 Shares of Stock
Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $33.50, for a total value of $502,500.00. Following the completion of the transaction, the chief financial officer now owns 203,231 shares in the company, valued at $6,808,238.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Freshpet stock opened at $33.50 on Tuesday. The stock has a market cap of $1.18 billion, a PE ratio of -279.17 and a beta of 1.69. Freshpet Inc has a 12 month low of $14.10 and a 12 month high of $34.40.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $46.08 million. Freshpet had a negative net margin of 3.33% and a negative return on equity of 5.05%. Freshpet’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) earnings per share. sell-side analysts anticipate that Freshpet Inc will post -0.05 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in FRPT. Barclays PLC increased its position in shares of Freshpet by 130.3% during the 1st quarter. Barclays PLC now owns 9,283 shares of the company’s stock valued at $153,000 after purchasing an additional 5,253 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Freshpet during the 1st quarter valued at about $195,000. Fisher Asset Management LLC bought a new position in shares of Freshpet during the 1st quarter valued at about $199,000. Quantitative Systematic Strategies LLC bought a new position in shares of Freshpet during the 1st quarter valued at about $209,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Freshpet during the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 75.73% of the company’s stock.
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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