Freshpet Inc (NASDAQ:FRPT) CFO Sells $2,652,220.02 in Stock
Freshpet Inc (NASDAQ:FRPT) CFO Richard A. Kassar sold 55,509 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.78, for a total transaction of $2,652,220.02. Following the completion of the sale, the chief financial officer now owns 184,463 shares of the company’s stock, valued at approximately $8,813,642.14. The transaction was disclosed in a filing with the SEC, which is available through this link.
FRPT opened at $48.50 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of -323.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 0.72. Freshpet Inc has a fifty-two week low of $23.75 and a fifty-two week high of $49.41.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $54.80 million for the quarter, compared to the consensus estimate of $54.28 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 4.46%. Freshpet’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. Analysts predict that Freshpet Inc will post 0.08 earnings per share for the current year.
Several research firms have recently issued reports on FRPT. BidaskClub lowered shares of Freshpet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 target price for the company in a research note on Monday, May 6th. TheStreet lowered shares of Freshpet from a “b” rating to a “c” rating in a research note on Monday, April 1st. Imperial Capital restated an “in-line” rating and set a $40.00 price target (up previously from $35.00) on shares of Freshpet in a research report on Monday, March 4th. Finally, Credit Suisse Group set a $36.00 price target on shares of Freshpet and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.00.
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Freshpet Company Profile
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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