Robbins Arroyo LLP Is Investigating the Officers and Directors of Freshpet, Inc. (FRPT) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Freshpet, Inc. (NASDAQGM: FRPT) violated federal securities laws by issuing materially misleading business information to the investing public. Freshpet manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada.
Freshpet Suffers Significant Stock Price Decline
On November 7, 2014, Freshpet stock opened for trading at $19.75, the day the company sold 10.4 million shares of stock in its initial public stock offering (“IPO”), reaching a high of $20.45 per share that day. Then, in April 2015, Freshpet issued another 5.1 million shares of common stock, in a secondary offering, priced at $21.47 per share.
However, since going public, Freshpet stock has plummeted following several disappointing announcements. Most recently, on November 11, 2015, Freshpet reported a loss of $0.05 per share in its third quarter, missing analyst expectations by $0.02. Additionally, the company lowered its guidance for 2015. On this news, Freshpet’s stock fell $2.09 per share, or nearly 25%, to close at $6.28 per share on November 12, 2015.
Freshpet Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.