SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Freshpet, Inc. (NASDAQ: FRPT) and certain of its officers. Freshpet manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding Freshpet’s business and prospects were false and misleading when made.
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 (the “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 a share.
However, since going public in November 2014, Freshpet stock has plummeted. In early morning trading on November 12, 2015 the stock is trading at $6.34, earlier this year it traded at a high of $25.92. The decline in the stock has followed several disappointing announcements. Most recently, on November 11, 2015, Freshpet reported a loss of 5 cents per share in its third quarter, missing analyst expectations by 2 cents. Additionally, the Company lowered its guidance for 2015.
If you have information that could assist in this investigation, or if you are a Freshpet shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.