Freshpet (FRPT) Stock Overview
Manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
FRPT Community Fair Values
Create NarrativeSee what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Freshpet, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$51.15 |
| 52 Week High | US$86.00 |
| 52 Week Low | US$46.45 |
| Beta | 1.64 |
| 1 Month Change | -3.64% |
| 3 Month Change | -36.33% |
| 1 Year Change | -35.16% |
| 3 Year Change | -23.79% |
| 5 Year Change | -69.01% |
| Change since IPO | 167.66% |
Recent News & Updates
Narrative Update • Jun 05
FRPT: Share Repurchase And Mixed Sentiment Will Support Future Upside Potential
Freshpet's updated analyst price target is broadly unchanged overall at $62.00. Recent mixed revisions, including several target cuts and a few modest increases, reflect analysts resetting revenue growth, margin, discount rate, and future P/E assumptions while still seeing the stock supported at around the prior level.
Narrative Update • May 19
FRPT: Margin Expansion And Manufacturing Efficiencies Will Shape Post 2026 Expectations
Freshpet's updated analyst price target edges lower to $82.38 from $86.93, as analysts balance softer revenue growth assumptions, a slightly higher discount rate, and a lower future P/E with firmer margin expectations, following a mix of recent target cuts and upgrades across the Street. Analyst Commentary Street research on Freshpet has been active, with a mix of target raises, target cuts, and a few upgrades.Recent updates
Narrative Update • Jun 05
FRPT: Share Repurchase And Mixed Sentiment Will Support Future Upside Potential
Freshpet's updated analyst price target is broadly unchanged overall at $62.00. Recent mixed revisions, including several target cuts and a few modest increases, reflect analysts resetting revenue growth, margin, discount rate, and future P/E assumptions while still seeing the stock supported at around the prior level.Narrative Update • May 19
FRPT: Margin Expansion And Manufacturing Efficiencies Will Shape Post 2026 Expectations
Freshpet's updated analyst price target edges lower to $82.38 from $86.93, as analysts balance softer revenue growth assumptions, a slightly higher discount rate, and a lower future P/E with firmer margin expectations, following a mix of recent target cuts and upgrades across the Street. Analyst Commentary Street research on Freshpet has been active, with a mix of target raises, target cuts, and a few upgrades.Seeking Alpha • May 18
Freshpet Is Getting A Little Tastier As It Drops
Summary Freshpet continues robust operational growth, expanding retail presence and increasing penetration in the U.S. pet food market. FRPT's revenue and profitability have improved significantly, with Q1 2026 revenue up to $297.6 million and net profit turning positive. Despite strong execution and market share gains, FRPT shares are considered fairly valued, warranting a "Hold" rating. Management guides for 8%–11% revenue growth and $205–$215 million EBITDA in 2026, maintaining disciplined investment in capacity expansion. Read the full article on Seeking AlphaAnalysis Article • May 14
Freshpet's (NASDAQ:FRPT) Attractive Earnings Are Not All Good News For Shareholders
Investors were disappointed with Freshpet, Inc.'s ( NASDAQ:FRPT ) recent earnings release. We did some analysis and...
Narrative Update • May 02
FRPT: New CFO And Manufacturing Moat Will Support Future Margin Upside
Analysts have adjusted the Freshpet fair value estimate from $101.00 to $110.22, reflecting updated assumptions around slightly softer revenue growth, a higher projected profit margin, and a relatively unchanged future P/E outlook. Analyst Commentary Recent Street research on Freshpet shows a mix of caution and optimism, with several bullish analysts highlighting company specific drivers that they see as important for the story.Narrative Update • Apr 18
FRPT: Competition Risks And Slower Pace Guidance Will Pressure Future Returns
Analysts trimmed the Freshpet fair value estimate slightly to $62.00 as they reassessed price targets in light of mixed recent research, balancing concerns about competition and moderated growth expectations with continued focus on margins and the stock's P/E profile. Analyst Commentary Street research on Freshpet has turned more mixed recently, with several bearish analysts pulling back price targets and highlighting execution and competitive risks even as others remain constructive on the story.Narrative Update • Apr 04
FRPT: Manufacturing Moat And Competition Risks Will Shape Future Performance
Analysts have reduced the blended price target for Freshpet by about $7 to roughly $62, reflecting updated assumptions for a lower future P/E multiple, along with slightly higher modeled revenue growth and profit margins. Analyst Commentary Recent research on Freshpet reflects a mixed backdrop, with several firms taking a more cautious tone even as others highlight long term potential.Narrative Update • Mar 20
FRPT: Manufacturing Moat And Slower Category Trends Will Shape Future Upside
The analyst fair value estimate for Freshpet has increased from $56.00 to $69.00, as analysts highlight Q4 earnings strength, clearer paths to margin improvement supported by the manufacturing moat, and reduced concerns around competition from Costco and other fresh pet food entrants. Analyst Commentary Recent research on Freshpet centers on Q4 performance, the outlook for margins, and how the company is positioned against both traditional pet food peers and fresh entrants such as Costco and General Mills.Narrative Update • Mar 06
FRPT: Margin Path And New CFO Will Shape Post 2026 Expectations
Analysts have lifted their average fair value estimate for Freshpet from about $70.67 to roughly $86.93. This reflects higher P/E assumptions and slightly firmer margin expectations after recent Q4 results and updated guidance.Narrative Update • Feb 20
FRPT: Muted Pricing And Weak Volumes Will Still Restrain Future Upside
Analysts have kept our Freshpet fair value estimate steady at $56.00, with modest tweaks to revenue growth, profit margin, and P/E assumptions to reflect recent price target increases from firms across the Street. Analyst Commentary Recent Street research has focused on recalibrating Freshpet's price targets rather than making sweeping rating changes.Narrative Update • Feb 05
FRPT: New CFO Appointment Will Support Future Margin Expansion Upside
Analysts have lifted their fair value estimate for Freshpet by about US$1 to roughly US$101, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple, as reflected in recent price target increases across the Street. Analyst Commentary Recent research points to a more optimistic tone around Freshpet, with several firms revisiting their assumptions on growth, margins, and valuation.Narrative Update • Jan 22
FRPT: Muted Pricing And Weak Volumes Will Pressure Shares Under Sector Headwinds
Analysts have lifted their price target on Freshpet to US$61 from US$56, citing updated 2026 consumer staples assumptions that factor in muted pricing and limited volume improvement for the sector. Analyst Commentary Even with the price target set at US$61, bearish analysts are signaling that they see limited upside in the near term.Narrative Update • Jan 08
FRPT: Lower 2025 Outlook Will Pressure Shares Under Reduced Earnings Multiple
Analysts have trimmed their price target on Freshpet from US$65.00 to US$56.00, reflecting updated assumptions that factor in a higher discount rate, lower projected revenue growth, a slightly adjusted profit margin outlook, and a reduced future P/E multiple. What's in the News Freshpet revised its financial guidance for 2025, indicating it is tracking to the lower end of the ranges it provided last quarter (Key Developments).Narrative Update • Dec 24
FRPT: Interim CFO Transition Will Support Margin Expansion Upside Ahead
Analysts have reduced their price target on Freshpet from approximately $116 to about $100 per share. This change reflects more conservative assumptions for revenue growth and profit margins, which are only partly offset by a higher expected future earnings multiple.Narrative Update • Dec 10
FRPT: Management Changes And Cautious 2025 Outlook Will Guide Future Margins
Analysts have modestly raised their price target on Freshpet to approximately $71 per share from about $71 previously, reflecting steady confidence in the company’s long term revenue growth and profit margin outlook, despite only incremental changes to key valuation inputs. What's in the News Freshpet narrowed its 2025 outlook and now expects net sales growth of approximately 13 percent, tracking to the lower end of its prior 13 to 16 percent guidance range, signaling more cautious expectations for the year ahead (Key Developments).Analysis Article • Nov 29
Freshpet (NASDAQ:FRPT) Shareholders Will Want The ROCE Trajectory To Continue
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Nov 26
FRPT: Operational Efficiency Improvements Will Drive Future Margin Expansion
Narrative Update: Freshpet Price Target Adjusted Analysts have slightly increased Freshpet's fair value estimate from $69.56 to $70.67. They cite small changes in financial forecasts and expectations for continued near-term headwinds in revenue growth and profitability.Narrative Update • Nov 08
FRPT: Expanding Brand Reach Will Drive Resilience Despite Sales Deceleration
Freshpet's analyst price target has been lowered significantly, with the estimate dropping from approximately $76.06 to $69.56. Analysts cite slowing revenue growth and increased competitive pressures as key reasons for the more cautious outlook.Narrative Update • Oct 25
Fresh Competition And Market Shifts Will Shape Expansion Outlook Ahead
Analysts have reduced their fair value estimate for Freshpet from $79.31 to $76.06. They cite ongoing growth deceleration and rising competitive pressures in the pet food market as the primary reasons for this adjustment.Narrative Update • Oct 11
Digital And Production Upgrades Will Unlock Long Term Potential
Freshpet’s analyst consensus price target has been revised down from $84.56 to $79.31. Analysts highlight slowing revenue growth and intensifying competition as key factors impacting the company’s outlook.Narrative Update • Sep 27
Digital And Production Upgrades Will Unlock Long Term Potential
Analysts have trimmed Freshpet’s price target to $84.56 due to decelerating sales growth, heightened competition, and muted near-term catalysts. Analyst Commentary Ongoing deceleration in top-line growth trends undermining revenue momentum.Narrative Update • Aug 27
Digital And Production Upgrades Will Unlock Long Term Potential
Freshpet’s consensus price target was revised down from $94.18 to $88.69 as analysts cite decelerating growth, rising competitive pressures (notably from Chewy’s fresh dog food), and a sector-wide valuation reset. Analyst Commentary Growth deceleration signals: Sequential sales growth at Freshpet is slowing versus prior years, with Q4 sales growth expectations below consensus due to increased competition.Analysis Article • Aug 11
We Think Freshpet's (NASDAQ:FRPT) Robust Earnings Are Conservative
NasdaqGM:FRPT 1 Year Share Price vs Fair Value Explore Freshpet's Fair Values from the Community and select yours Even...Analysis Article • Aug 07
Results: Freshpet, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
NasdaqGM:FRPT 1 Year Share Price vs Fair Value Explore Freshpet's Fair Values from the Community and select yours It's...Analysis Article • Jul 11
Investors Will Want Freshpet's (NASDAQ:FRPT) Growth In ROCE To Persist
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Analysis Article • Jun 19
Is There An Opportunity With Freshpet, Inc.'s (NASDAQ:FRPT) 48% Undervaluation?
Key Insights The projected fair value for Freshpet is US$137 based on 2 Stage Free Cash Flow to Equity Freshpet is...Analysis Article • May 20
Is It Time To Consider Buying Freshpet, Inc. (NASDAQ:FRPT)?
Freshpet, Inc. ( NASDAQ:FRPT ), might not be a large cap stock, but it saw a significant share price rise of 21% in the...Analysis Article • Apr 08
Freshpet (NASDAQ:FRPT) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 24
We Like These Underlying Return On Capital Trends At Freshpet (NASDAQ:FRPT)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Mar 09
A Look At The Intrinsic Value Of Freshpet, Inc. (NASDAQ:FRPT)
Key Insights Freshpet's estimated fair value is US$92.31 based on 2 Stage Free Cash Flow to Equity With US$96.86 share...Seeking Alpha • Feb 22
Freshpet: A Big And Unexpected Plunge
Summary Freshpet shares have plunged 35%, despite a resilient performance, making valuations more appealing but still demanding. Despite strong growth and improved guidance, high capital expenditures and elevated valuations have contributed to the recent share price pullback. The risk-reward profile has improved, but high valuations and increased capital spending remain concerns. Read the full article on Seeking AlphaAnalysis Article • Feb 21
With A 32% Price Drop For Freshpet, Inc. (NASDAQ:FRPT) You'll Still Get What You Pay For
Freshpet, Inc. ( NASDAQ:FRPT ) shareholders that were waiting for something to happen have been dealt a blow with a 32...Analysis Article • Feb 06
Is Freshpet, Inc. (NASDAQ:FRPT) Potentially Undervalued?
Freshpet, Inc. ( NASDAQ:FRPT ), might not be a large cap stock, but it saw a decent share price growth of 13% on the...Analysis Article • Dec 23
Why Investors Shouldn't Be Surprised By Freshpet, Inc.'s (NASDAQ:FRPT) P/S
Freshpet, Inc.'s ( NASDAQ:FRPT ) price-to-sales (or "P/S") ratio of 7.5x may look like a poor investment opportunity...Analysis Article • Nov 30
Freshpet, Inc. (NASDAQ:FRPT) Shares Could Be 46% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Freshpet is US$283 based on 2 Stage Free Cash Flow to Equity Freshpet's...Seeking Alpha • Nov 29
Freshpet: Happy Pets, Happy Investors
Summary Freshpet's shares more than doubled over the past year due to solid operating performance and significant valuation multiple expansion. The company has shown a continuation of impressive growth, with real profitability now being reported. While Freshpet is a great business with significant market potential, current share prices seem overextended, making it a risky investment for new investors. Read the full article on Seeking AlphaAnalysis Article • Nov 12
There May Be Underlying Issues With The Quality Of Freshpet's (NASDAQ:FRPT) Earnings
Freshpet, Inc. ( NASDAQ:FRPT ) just reported some strong earnings, and the market reacted accordingly with a healthy...Analysis Article • Oct 29
Returns Are Gaining Momentum At Freshpet (NASDAQ:FRPT)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Analysis Article • Oct 14
These 4 Measures Indicate That Freshpet (NASDAQ:FRPT) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Sep 18
Freshpet: Building A Tasty Competitive Edge To Strengthen Growth And Profitability
Summary Freshpet has delivered a 61% YTD return, but its forward P/E ratio of 200 raises valuation concerns for a staples company. FRPT's strong distribution network, innovative product offerings, and focus on quality position it well in the resilient pet food market. The new Ennis facility is expected to significantly boost production capacity and profitability, supporting FRPT's ambitious 2027 targets. Despite valuation concerns, FRPT's strategic plans and competitive edge justify a BUY rating with an 11.5% upside potential. Read the full article on Seeking AlphaAnalysis Article • Sep 11
Is Now An Opportune Moment To Examine Freshpet, Inc. (NASDAQ:FRPT)?
While Freshpet, Inc. ( NASDAQ:FRPT ) might not have the largest market cap around , it saw a double-digit share price...Seeking Alpha • Sep 02
Freshpet's Profits Are Growing, But Its Stock Is Overvalued
Summary Freshpet has transitioned from a speculative venture to a profitable growth company, specializing in premium, healthy pet food. Despite impressive growth and profitability, Freshpet's stock is potentially overpriced, with a high price/book ratio of 6.62 and forward P/E ratio of 120. Risks include competition, inflation, and economic downturns, which could impact Freshpet's margins and growth. Freshpet is a success story, but current high stock prices lead me to rate it a hold, awaiting more favorable valuation. Read the full article on Seeking Alpha
New Narrative • Aug 28
Expanding Production And Decisive Market Penetration Set To Boost Long-Term Revenue Growth
Expansion and optimization of production capacity aim to sustain revenue growth by meeting increased demand, coupled with operational efficiencies enhancing margins.Analysis Article • Aug 23
Getting In Cheap On Freshpet, Inc. (NASDAQ:FRPT) Might Be Difficult
When close to half the companies in the Food industry in the United States have price-to-sales ratios (or "P/S") below...Analysis Article • Aug 08
Freshpet, Inc. (NASDAQ:FRPT) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
It's been a good week for Freshpet, Inc. ( NASDAQ:FRPT ) shareholders, because the company has just released its latest...Analysis Article • Jul 16
A Look At The Intrinsic Value Of Freshpet, Inc. (NASDAQ:FRPT)
Key Insights Freshpet's estimated fair value is US$136 based on 2 Stage Free Cash Flow to Equity Current share price of...Seeking Alpha • Jul 01
Freshpet: Anticipating Strong Growth And Positive Earnings In 2024 (Upgrade)
Summary Freshpet, Inc.'s volume growth has accelerated and returned to levels exceeding +20% in recent times, which suggests that inflationary pressures have become less of a challenge for the company's customers. Freshpet is well-positioned to report positive GAAP earnings this year for the first time since its 2014 listing, as the company has managed its product costs well. I revise my rating for Freshpet, Inc. shares to a Buy, considering the company's favorable financial outlook that could drive further valuation re-rating. Read the full article on Seeking AlphaAnalysis Article • Jun 30
Freshpet (NASDAQ:FRPT) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 13
Returns On Capital Are Showing Encouraging Signs At Freshpet (NASDAQ:FRPT)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • May 28
What Does Freshpet, Inc.'s (NASDAQ:FRPT) Share Price Indicate?
While Freshpet, Inc. ( NASDAQ:FRPT ) might not have the largest market cap around , it saw a significant share price...Analysis Article • May 13
There May Be Underlying Issues With The Quality Of Freshpet's (NASDAQ:FRPT) Earnings
Unsurprisingly, Freshpet, Inc.'s ( NASDAQ:FRPT ) stock price was strong on the back of its healthy earnings report...Analysis Article • Apr 26
With Freshpet, Inc. (NASDAQ:FRPT) It Looks Like You'll Get What You Pay For
When close to half the companies in the Food industry in the United States have price-to-sales ratios (or "P/S") below...Analysis Article • Feb 29
Freshpet, Inc. (NASDAQ:FRPT) Analysts Are Pretty Bullish On The Stock After Recent Results
The investors in Freshpet, Inc. 's ( NASDAQ:FRPT ) will be rubbing their hands together with glee today, after the...Analysis Article • Feb 20
Freshpet (NASDAQ:FRPT) Is Making Moderate Use Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Feb 12
Short Freshpet: Replaceable Product, No Moat
Summary Freshpet manufactures and sells pet food, targeting the "humanization of pets" trend. There is no evidence that fresh dog food is beneficial to pets. Freshpet's ambitious long-term plan to triple revenue and increase EBITDA margins may be difficult to achieve due to competition and lack of brand strength. Read the full article on Seeking AlphaAnalysis Article • Dec 28
Why Investors Shouldn't Be Surprised By Freshpet, Inc.'s (NASDAQ:FRPT) P/S
When you see that almost half of the companies in the Food industry in the United States have price-to-sales ratios (or...Analysis Article • Nov 02
Does Freshpet (NASDAQ:FRPT) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Shareholder Returns
| FRPT | US Food | US Market | |
|---|---|---|---|
| 7D | 2.6% | 0.6% | -3.3% |
| 1Y | -35.2% | -6.0% | 22.3% |
Return vs Industry: FRPT underperformed the US Food industry which returned -7.1% over the past year.
Return vs Market: FRPT underperformed the US Market which returned 22.5% over the past year.
Price Volatility
| FRPT volatility | |
|---|---|
| FRPT Average Weekly Movement | 7.7% |
| Food Industry Average Movement | 5.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: FRPT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FRPT's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 1,288 | Billy Cyr | www.freshpet.com |
Freshpet, Inc., together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It offers dog food, cat food, and dog treats under the Freshpet brand name; and fresh treats under the Dognation and Dog Joy brand names. The company sells its products through a network of company-owned branded refrigerators, the Freshpet Fridges, as well as through various classes of retail, including grocery, mass, club, pet specialty, and international, as well as digital.
Freshpet, Inc. Fundamentals Summary
| FRPT fundamental statistics | |
|---|---|
| Market cap | US$2.53b |
| Earnings (TTM) | US$200.34m |
| Revenue (TTM) | US$1.14b |
12.5x
P/E Ratio2.2x
P/S RatioIs FRPT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRPT income statement (TTM) | |
|---|---|
| Revenue | US$1.14b |
| Cost of Revenue | US$669.90m |
| Gross Profit | US$466.51m |
| Other Expenses | US$266.17m |
| Earnings | US$200.34m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.08 |
| Gross Margin | 41.05% |
| Net Profit Margin | 17.63% |
| Debt/Equity Ratio | 31.5% |
How did FRPT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 07:01 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Freshpet, Inc. is covered by 32 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Benedict | Baird |
| Todd Brooks | Benchmark Company |
| John Lawrence | Benchmark Company |