Stocks of Freshpet Inc (NASDAQ:FRPT) traded higher last session on Wall Street, up 0.13% to $115.86.
FRPT stock price is now 17.42% away from the 50-day moving average and 49.37% away from the 200-day moving average. The market capitalization of the company currently stands at $5.59B.
With the price target enhanced from $120 to $135, Truist Upgraded its rating from Hold to Buy for Freshpet Inc (NASDAQ: FRPT). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $94, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Morris Scott James, President and COO sold 2,500 shares of the company’s stock on Mar 04 ’24. The stock was sold for $280,048 at an average price of $112.02. Upon completion of the transaction, the President and COO now directly owns 122,380 shares in the company, valued at $14.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, President and COO Morris Scott James sold 2,500 shares of the business’s stock. A total of $284,395 was realized by selling the stock at an average price of $113.76. This leaves the insider owning 122,380 shares of the company worth $14.18 million. A total of 2.91% of the company’s stock is owned by insiders.
During the past 12 months, Freshpet Inc has had a low of $54.60 and a high of $116.96. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 4.79, and a quick ratio of 4.08. The fifty day moving average price for FRPT is $98.67 and a two-hundred day moving average price translates $77.56 for the stock.
The latest earnings results from Freshpet Inc (NASDAQ: FRPT) was released for Dec, 2023. According to the Packaged Foods Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.05 by 0.26. This compares to -$0.05 EPS in the same period last year. The net profit margin was -4.38% and return on equity was -3.39% for FRPT. The company reported revenue of $215.42 million for the quarter, compared to $165.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.9 percent. For the current quarter, analysts expect FRPT to generate $216.15M in revenue.
