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)
10% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 51
2% more capital invested
Capital invested by funds: $7.19B [Q2] → $7.33B (+$143M) [Q3]
0% more funds holding
Funds holding: 370 [Q2] → 370 (+0) [Q3]
4.53% less ownership
Funds ownership: 114.71% [Q2] → 110.18% (-4.53%) [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
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Oppenheimer Rupesh Parikh 76% 1-year accuracy 25 / 33 met price target | 15%upside $180 | Outperform Maintained | 14 Nov 2024 |
Stifel Mark Astrachan 43% 1-year accuracy 13 / 30 met price target | 5%upside $165 | Buy Maintained | 6 Nov 2024 |
DA Davidson Brian Holland 75% 1-year accuracy 12 / 16 met price target | 20%upside $189 | Buy Maintained | 5 Nov 2024 |
TD Cowen Robert Moskow 50% 1-year accuracy 30 / 60 met price target | 11%upside $174 | Buy Maintained | 5 Nov 2024 |
Jefferies Kaumil Gajrawala 32% 1-year accuracy 6 / 19 met price target | 3%upside $162 | Hold Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 7 articles about FRPT published over the past 30 days
