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

Freshpet, Inc. (NASDAQ:FRPT) Director Daryl Brewster purchased 211 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $47.52 per share, with a total value of $10,026.72. Following the completion of the acquisition, the director directly owned 59,545 shares in the company, valued at $2,829,578.40. The trade was a 0.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Freshpet Stock Up 0.5%

Shares of NASDAQ FRPT opened at $51.58 on Friday. The business has a 50-day moving average of $61.18 and a two-hundred day moving average of $64.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.18 and a quick ratio of 5.26. Freshpet, Inc. has a 1 year low of $46.45 and a 1 year high of $86.31. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 13.79 and a beta of 1.73.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, February 23rd. The company reported $0.64 EPS for the quarter, topping 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 business had revenue of $285.23 million for the quarter, compared to analysts’ expectations of $285.66 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Freshpet, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson lifted their target price on Freshpet from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and set a $77.00 target price on shares of Freshpet in a research report on Thursday, May 7th. Benchmark lifted their target price on Freshpet from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of Freshpet in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upgraded Freshpet from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average price target of $74.88.

Hedge Funds Weigh In On Freshpet

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in Freshpet by 27.2% in the 1st quarter. California State Teachers Retirement System now owns 59,465 shares of the company’s stock valued at $3,506,000 after acquiring an additional 12,732 shares during the period. The Manufacturers Life Insurance Company increased its position in Freshpet by 13.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,183 shares of the company’s stock valued at $600,000 after acquiring an additional 1,217 shares during the period. Maverick Capital Ltd. increased its position in Freshpet by 356.4% in the 1st quarter. Maverick Capital Ltd. now owns 34,509 shares of the company’s stock valued at $2,035,000 after acquiring an additional 26,948 shares during the period. Quantinno Capital Management LP increased its position in Freshpet by 73.2% in the 1st quarter. Quantinno Capital Management LP now owns 87,376 shares of the company’s stock valued at $5,152,000 after acquiring an additional 36,932 shares during the period. Finally, Wealth Alliance LLC acquired a new position in Freshpet in the 1st quarter valued at about $210,000.

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.