Freshpet (FRPT)

• Market cap: $4.86B
• 1 day: -5.74%
• 5 days: -24.08%
• 1 month: -35.84%
• 3 months: -35.95%
• 6 months: -24.49%
• Year to date: -30.52%
• 1 year: 12.35%
• 5 years: 35.08%
• 10 years: 487.12%
• Sector: Consumer Staples
• Industry: Grain Mill Products

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 Q4 regulatory filings by fund managers ($100M+ AUM)

81% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 37

6% more capital invested

Capital invested by funds: $7.33B [Q3] → $7.77B (+$441M) [Q4]

5% more funds holding

Funds holding: 370 [Q3] → 388 (+18) [Q4]

2.14% less ownership

Funds ownership: 110.18% [Q3] → 108.03% (-2.14%) [Q4]

15% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 144

33% less call options, than puts

Call options by funds: $126M | Put options by funds: $188M

36% less funds holding in top 10

Funds holding in top 10: 11 [Q3] → 7 (-4) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $142 42% upside
• Avg. target: $150 49% upside
• High target: $160 60% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Stifel Mark Astrachan 47% 1-year accuracy 15 / 32 met price target	55% upside $155	Buy Maintained	21 Feb 2025
Piper Sandler Michael Lavery 37% 1-year accuracy 22 / 60 met price target	60% upside $160	Overweight Maintained	21 Feb 2025
Wells Fargo Marc Torrente 44% 1-year accuracy 4 / 9 met price target	42% upside $142	Overweight Maintained	21 Feb 2025
Citigroup Thomas Palmer 30% 1-year accuracy 10 / 33 met price target	42% upside $142	Neutral Maintained	12 Feb 2025