In yesterday’s Wall Street session, Freshpet Inc (NASDAQ:FRPT) shares traded at $156.96, up 1.30% from the previous session.
FRPT stock price is now 4.38% away from the 50-day moving average and 17.69% away from the 200-day moving average. The market capitalization of the company currently stands at $7.62B.
With the price target maintained at $168, Redburn Atlantic recently Upgraded its rating from Neutral to Buy for Freshpet Inc (NASDAQ: FRPT). On May 23, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $150, while ‘Truist’ rates the stock as ‘Buy’
In other news, Morris Scott James, President sold 5,000 shares of the company’s stock on Dec 04 ’24. The stock was sold for $786,900 at an average price of $157.38. Upon completion of the transaction, the President now directly owns 122,380 shares in the company, valued at $19.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Officer Morris Scott James bought 5,000 shares of the business’s stock. A total of $786,875 was incurred on buying the stock at an average price of $157.38. A total of 1.54% of the company’s stock is owned by insiders.
During the past 12 months, Freshpet Inc has had a low of $83.77 and a high of $160.91. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 4.72, and a quick ratio of 3.91. The fifty day moving average price for FRPT is $150.3769 and a two-hundred day moving average price translates $133.36317 for the stock.
The latest earnings results from Freshpet Inc (NASDAQ: FRPT) was released for 2024-09-30. The net profit margin was 4.75% and return on equity was 4.50% for FRPT. The company reported revenue of $253.37 million for the quarter, compared to $200.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.29 percent.
