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George Walter N., a director at Freshpet Inc . (NASDAQ:FRPT), recently made a significant purchase of the company’s stock amid the company’s 40% decline over the past six months. On March 10, Walter acquired 500 shares of Freshpet’s common stock at a weighted average price of $89.26 per share, amounting to a total transaction value of $44,630. The shares were bought in multiple transactions, with prices ranging from $89.07 to $89.67. According to InvestingPro analysis, the stock is currently trading below its Fair Value, with analysts maintaining a strong buy consensus and a potential upside of over 80%.
In addition to this purchase, Walter also received 1,432 shares of restricted common stock on March 11. These shares were awarded under Freshpet’s 2024 Equity Incentive Plan and will vest on the first anniversary of the grant date, contingent upon Walter’s continued service on the company’s Board of Directors. Following these transactions, Walter’s total direct ownership stands at 42,774 shares. InvestingPro data reveals that Freshpet maintains strong financial health with a current ratio of 4.42 and expects significant sales growth this year. Get access to 18 additional ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Freshpet has been the focus of several analyst updates and financial assessments. Jefferies recently upgraded Freshpet’s stock rating to Buy, while adjusting the price target to $150, emphasizing the company’s robust fourth-quarter performance and the positive trend of pet premiumization. Meanwhile, Truist Securities lowered its price target from $170 to $140, maintaining a Buy rating after discussions with Freshpet’s executives highlighted the company’s growth opportunities and 2025 guidance. Similarly, TD Cowen adjusted its price target to $141 from $174, citing lower-than-expected fourth-quarter sales but maintaining a Buy rating, suggesting confidence in Freshpet’s potential recovery.
DA Davidson also reaffirmed its Buy rating with a price target of $189, noting adjustments in sales projections but highlighting Freshpet’s advertising impact on customer adoption. The firm believes in the company’s strategic marketing and growth potential. Despite these varied price target adjustments, the consistent Buy ratings reflect a positive outlook from the analysts. Investors are closely monitoring Freshpet’s performance, particularly its sales growth and market share in the pet food industry, in light of these recent developments.
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