Freshpet, Inc. (FRPT) VP Stephen Macchiaverna Sells 4,946 Shares
Freshpet, Inc. (NASDAQ:FRPT) VP Stephen Macchiaverna sold 4,946 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $17.34, for a total value of $85,763.64. Following the completion of the transaction, the vice president now directly owns 77,884 shares of the company’s stock, valued at $1,350,508.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Stephen Macchiaverna also recently made the following trade(s):
- On Friday, September 15th, Stephen Macchiaverna sold 6,000 shares of Freshpet stock. The shares were sold at an average price of $15.81, for a total value of $94,860.00.
Freshpet, Inc. (NASDAQ FRPT) traded up $0.17 during trading on Wednesday, hitting $17.30. The stock had a trading volume of 134,500 shares, compared to its average volume of 197,880. Freshpet, Inc. has a twelve month low of $8.60 and a twelve month high of $18.25.
Freshpet (NASDAQ:FRPT) last released its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The business had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. research analysts forecast that Freshpet, Inc. will post -0.11 EPS for the current fiscal year.
Several research firms have recently weighed in on FRPT. BidaskClub downgraded Freshpet from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. increased their price objective on Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Credit Suisse Group increased their price objective on Freshpet from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, November 7th. Finally, Susquehanna Bancshares Inc began coverage on Freshpet in a report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Freshpet currently has a consensus rating of “Hold” and an average price target of $18.36.
A number of large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its position in Freshpet by 10.2% in the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock worth $42,124,000 after acquiring an additional 233,847 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in Freshpet by 117.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock worth $26,331,000 after acquiring an additional 907,644 shares in the last quarter. Vanguard Group Inc. raised its position in Freshpet by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock worth $18,181,000 after acquiring an additional 37,762 shares in the last quarter. JPMorgan Chase & Co. raised its position in Freshpet by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after acquiring an additional 73,182 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in Freshpet by 27.1% in the third quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock worth $13,461,000 after acquiring an additional 183,620 shares in the last quarter. Hedge funds and other institutional investors own 68.29% of the company’s stock.
Freshpet Company Profile
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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