Freshpet Inc (NASDAQ:FRPT) Investor Investigation Over Possible Violations Of Securities Laws Announced

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Company Name(s): 
Freshpet
Affected Securities: 
NASDAQ: FRPT

November 16, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Freshpet Inc (NASDAQ:FRPT) shares over potential securities laws violations by Freshpet and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Freshpet Inc (NASDAQ:FRPT) concerning whether a series of statements by Freshpet Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Freshpet Inc went public on November 7, 2014, where it sold 10.4 million shares of stock in its initial public stock offering (“IPO”).

On March 31, 2015 Freshpet Inc announced its fourth quarter and fiscal 2014 results and issued its guidance for the full year 2015. Freshpet Inc reported that its annual Total Revenue rose from $63.15 million in 2013 to $86.76 million in 2014 and that its Net Loss increased from $21.69 million in 2013 to $37.34 million in 2014.

Shares of Freshpet Inc (NASDAQ:FRPT) grew to as high as $25.46 per share in April 2015.

On November 11, 2015, Freshpet Inc announced its third quarter 2015 financial results and updates its guidance for 2015.

Shares of Freshpet Inc (NASDAQ:FRPT) declined to as low as $5.89 per share on November 12, 2015.