Shareholders Foundation, Inc.

A Lawsuit Was Filed for Investors in Shares of Freshpet Inc (NASDAQ:FRPT)

A lawsuit was filed on behalf of investors in Freshpet Inc (NASDAQ:FRPT) shares over alleged securities laws violations. Deadline: June 20, 2016. NASDAQ:FRPT investors should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 04/26/2016 -- An investor, who purchased shares of Freshpet Inc (NASDAQ:FRPT), filed a lawsuit in New Jersey over alleged Securities Laws violations by Freshpet Inc.

Investors who purchased shares of Freshpet Inc (NASDAQ:FRPT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 20, 2016. NASDAQ:FRPT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Freshpet Inc (NASDAQ:FRPT) common shares between April 1, 2015 and November 11, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 1, 2015 and November 11, 2015 one of the Company's material customers, Target Corp., was undergoing a corporate reorganization and, accordingly, was delaying the installation of a significant number of Freshpet Fridges, that two of the Company's supermarket customers were experiencing financial hardships such that it was likely that any Freshpet Fridges located in their respective stores would soon have to be removed, and that due to the foregoing, the Company was not growing its overall number of installed Freshpet Fridges at the levels communicated to investors and was tracking well below internal forecasts for such placements.

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.

On April 22, 2016, NASDAQ:FRPT shares closed at $7.81 per share.

Those who purchased shares of Freshpet Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com