FreshpetFRPT
About: Freshpet produces and sells premium fresh pet food through its company-owned refrigerators placed in grocery, mass and club, pet specialty, and natural stores. The former two store types accounted for 89% of 2023 sales, with grocery stores representing the primary driver of footprint growth. Freshpet primarily targets dogs (92% of sales), with cats and treats comprising the rest of its sales. Geographically, the company's home US market, where all its food is produced, accounts for about 96% of sales, with exports to Canada, the United Kingdom, and other European countries accounting for the remaining balance.
Employees: 1,094
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2% more capital invested
Capital invested by funds: $7.02B [Q2] → $7.14B (+$123M) [Q3]
0% more funds holding
Funds holding: 370 [Q2] → 370 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 56
4.69% less ownership
Funds ownership: 112.02% [Q2] → 107.33% (-4.69%) [Q3]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q2] → 11 (-1) [Q3]
21% less call options, than puts
Call options by funds: $136M | Put options by funds: $172M
30% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 156
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Oppenheimer Rupesh Parikh 73% 1-year accuracy 24 / 33 met price target | 25%upside $180 | Outperform Maintained | 14 Nov 2024 |
Stifel Mark Astrachan 45% 1-year accuracy 13 / 29 met price target | 15%upside $165 | Buy Maintained | 6 Nov 2024 |
DA Davidson Brian Holland 60% 1-year accuracy 9 / 15 met price target | 32%upside $189 | Buy Maintained | 5 Nov 2024 |
TD Cowen Robert Moskow 46% 1-year accuracy 21 / 46 met price target | 21%upside $174 | Buy Maintained | 5 Nov 2024 |
JP Morgan Ken Goldman 44% 1-year accuracy 4 / 9 met price target | 7%upside $154 | Neutral Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 4 articles about FRPT published over the past 30 days
