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Freshpet Inc Stock Research

FRPT

67.35USD+1.25(+1.89%)Market Closed

Market Summary

USD67.35+1.25
Market Closed
1.89%

FRPT Alerts

FRPT Stock Price

FRPT RSI Chart

FRPT Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

-48.55

Price/Sales (Trailing)

5.14

EV/EBITDA

-204.77

Price/Free Cashflow

-146.07

FRPT Price/Sales (Trailing)

FRPT Profitability

EBT Margin

-9.32%

Return on Equity

-5.77%

Return on Assets

-5.29%

Free Cashflow Yield

-0.68%

FRPT Fundamentals

FRPT Revenue

Revenue (TTM)

630.7M

Revenue Y/Y

26.75%

Revenue Q/Q

1.02%

FRPT Earnings

Earnings (TTM)

-66.7M

Earnings Y/Y

-41.3%

Earnings Q/Q

-749.71%

Price Action

52 Week Range

36.0273.48
(Low)(High)

Last 7 days

5.1%

Last 30 days

3.6%

Last 90 days

6.5%

Trailing 12 Months

10.5%

FRPT Financial Health

Current Ratio

2.92

FRPT Investor Care

Shares Dilution (1Y)

10.67%

Diluted EPS (TTM)

-1.41

Peers (Alternatives to Freshpet)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
47.8B
20.0B
-2.26% 28.46%
16.42
2.47
7.14% 21.75%
41.3B
102.0B
-6.77% -12.05%
9.26
0.4
13.30% 44.96%
23.1B
15.7B
1.75% 0.93%
24.02
1.51
10.00% -45.78%
21.4B
12.4B
-1.88% -18.43%
21.84
1.72
3.48% 5.62%
16.5B
4.8B
-0.43% 72.73%
30.41
3.43
21.64% 131.27%
MID-CAP
6.9B
8.2B
5.15% 19.52%
14.01
0.87
14.21% 12.17%
5.6B
17.4B
6.10% -23.27%
11.9
0.32
10.47% 122.83%
3.2B
630.7M
3.60% 10.54%
-48.55
5.14
35.85% -83.58%
5.1B
6.1B
-2.22% 9.72%
5.83
0.83
18.23% 1243.59%
SMALL-CAP
110.7M
263.4M
-5.13% -1.21%
2.42
0.42
5.45% 786.05%
99.3M
145.4M
-5.89% 11.22%
37.5
0.68
17.44% 138.65%
36.4M
33.1M
11.66% -7.45%
-10.1
1.1
2.77% -346.02%
36.0M
-
7.10% -0.12%
-1.39
0.8
18.50% -164.64%
5.4M
41.6M
-17.49% 19.70%
-0.68
0.13
33.68% 12.19%

Financials for Freshpet

Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue5.9%630,695,000595,344,000545,380,000501,637,000464,246,000
Gross Profit3.3%192,094,000186,033,000181,593,000178,573,000170,584,000
  S&GA Expenses4.9%249,710,000238,016,000239,149,000221,065,000201,407,000
EBITDA36.2%-15,718,000-24,644,000-10,622,000839,000-
EBITDA Margin41.6%-0.03-0.05-0.020.00-
Earnings Before Taxes-13.6%-63,025,000-55,481,000-61,755,000-45,805,000-33,099,000
EBT Margin17.7%-0.09-0.11-0.09-0.07-
Interest Expenses49.9%7,808,0005,208,0004,710,0003,570,0002,552,000
Net Income-12.2%-66,738,000-59,494,000-65,843,000-49,464,000-36,353,000
Net Income Margin17.2%-0.10-0.12-0.10-0.08-
Free Cahsflow13.0%-43,227,000-49,698,000-64,690,000-28,653,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets24.4%1,4001,1251,1651,174853
  Current Assets95.9%513262383455143
    Cash Equivalents154.0%33713324030730.00
  Inventory13.8%66.0058.0064.0061.0045.00
  Net PPE3.2%826801719663664
Liabilities380.9%45194.00136141145
  Current Liabilities-37.8%56.0090.0013171.0096.00
    LT Debt, Current597.4%73.0010.005.00--
    LT Debt, Non Current49.4%65.0044.00---
Shareholder's Equity-8.0%9491,0321,0301,033708
  Retained Earnings-8.4%-319-295-292-273-253
  Additional Paid-In Capital-4.4%1,2681,3261,3211,305962
Accumulated Depreciation5.8%136128121--
Shares Outstanding0.1%48.0048.0048.0048.0043.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations48.7%-22.18-43.23-49.70-64.69-28.65
  Share Based Compensation8.1%28.0026.0027.0025.0025.00
Cashflow From Investing-20.6%-281-233-291-322-331
Cashflow From Financing81.6%61133741141449.00

Risks for FRPT

What is the probability of a big loss on FRPT?

73.5%


Probability that Freshpet stock will be more than 20% underwater in next one year

35.8%


Probability that Freshpet stock will be more than 30% underwater in next one year.

30.4%


Probability that Freshpet stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FRPT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Freshpet was unfortunately bought at previous high price.

Drawdowns

Returns for FRPT

Cumulative Returns on FRPT

33.7%


7-Year Cumulative Returns

25.4%


5-Year Cumulative Returns

-1.8%


3-Year Cumulative Returns

What are the long-term rolling returns for FRPT?

FIve years rolling returns for Freshpet.

Annualized Returns

Which funds bought or sold FRPT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-22
AMERIPRISE FINANCIAL INC
added
24.77
14,348,600
39,743,600
0.01%
2023-05-18
JPMORGAN CHASE & CO
added
28.37
52,045,000
137,344,000
0.02%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-19.97
35,000
9,126,000
0.01%
2023-05-16
Red Tortoise LLC
unchanged
-
429
2,118
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
new
-
4,055,060
4,055,060
-%
2023-05-16
FRED ALGER MANAGEMENT, LLC
reduced
-54.73
-18,188,500
23,902,600
0.13%
2023-05-16
Baker Avenue Asset Management, LP
unchanged
-
241
1,191
-%
2023-05-16
Rockefeller Capital Management L.P.
added
205
281,000
380,000
-%
2023-05-16
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
reduced
-1.09
3,662,900
18,882,900
0.06%
2023-05-16
JANE STREET GROUP, LLC
added
44.82
3,466,410
7,712,130
-%

1–10 of 35

Latest Funds Activity

Are funds buying FRPT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FRPT
No. of Funds

Freshpet News

InvestorsObserver
Is Freshpet Inc (FRPT) Stock a Bad Value?.
InvestorsObserver,
17 hours ago
InvestorsObserver
The Motley Fool

Schedule 13G FIlings of Freshpet

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 10, 2023
citigroup inc
1.8%
857,179
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
0.1%
46,241
SC 13G/A
Feb 14, 2023
armistice capital, llc
4.45%
2,136,000
SC 13G/A
Feb 13, 2023
capital research global investors
0.5%
237,764
SC 13G/A
Feb 13, 2023
champlain investment partners, llc
7.65%
3,672,754
SC 13G
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 09, 2023
vanguard group inc
9.21%
4,423,502
SC 13G/A
Feb 08, 2023
wasatch advisors inc
-
0
SC 13G/A
Feb 06, 2023
wellington management group llp
5.09%
2,443,050
SC 13G
Dec 15, 2022
jana partners llc
0.1%
4,145,087
SC 13D/A

FRPT Fair Value

Recent SEC filings of Freshpet

View All Filings
Date Filed Form Type Document
May 17, 2023
8-K
Current Report
May 17, 2023
DEFA14A
DEFA14A
May 12, 2023
4
Insider Trading
May 12, 2023
4
Insider Trading
May 12, 2023
4
Insider Trading
May 10, 2023
144
Notice of Insider Sale Intent
May 08, 2023
10-Q
Quarterly Report
May 08, 2023
8-K
Current Report
May 01, 2023
10-K/A
Annual Report
Mar 23, 2023
8-K
Current Report

Latest Insider Trading transactions for FRPT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-10
Walsh Cathal
acquired
56,806
9.05
6,277
svp - managing director europe
2023-05-10
Walsh Cathal
sold
-440,018
70.1
-6,277
svp - managing director europe
2023-04-01
Macchiaverna Stephen
sold (taxes)
-6,685
66.19
-101
evp, secretary treasurer
2023-04-01
Garcia Ivan
sold (taxes)
-4,169
66.19
-63.00
vp of finance & controller
2023-03-15
Garcia Ivan
sold (taxes)
-7,793
55.67
-140
vp of finance & controller
2023-03-14
Walsh Cathal
sold (taxes)
-11,913
55.67
-214
svp - managing director europe
2023-03-14
Macchiaverna Stephen
sold (taxes)
-11,913
55.67
-214
evp, secretary treasurer
2023-03-13
NORRIS CHARLES A
acquired
-
-
2,994
-
2023-03-13
Macchiaverna Stephen
acquired
-
-
2,862
evp, secretary treasurer
2023-03-13
Steeneck Craig D.
acquired
-
-
2,113
-

1–10 of 50

William B. Cyr
790
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.

FRPT Income Statement

2023-03-31
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
NET SALES[1]$ 167,522$ 132,171
COST OF GOODS SOLD116,76287,419
GROSS PROFIT50,76044,753
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES72,27160,631
LOSS FROM OPERATIONS(21,511)(15,878)
OTHER (EXPENSES)/INCOME:  
Other Income, net946258
Interest Expense(3,171)(571)
Nonoperating Income (Expense), Total(2,225)(313)
LOSS BEFORE INCOME TAXES(23,736)(16,191)
INCOME TAX EXPENSE7041
LOSS ON EQUITY METHOD INVESTMENT9801,310
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS(24,786)(17,542)
OTHER COMPREHENSIVE (LOSS) INCOME:  
Change in foreign currency translation6(362)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)6(362)
TOTAL COMPREHENSIVE LOSS$ (24,780)$ (17,904)
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS  
-BASIC (in dollars per share)$ (0.52)$ (0.40)
-DILUTED (in dollars per share)$ (0.52)$ (0.40)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING USED IN COMPUTING NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS  
-BASIC (in shares)48,04743,437
-DILUTED (in shares)48,04743,437
[1]Online sales associated with each class of retailer are included within their respective total.

FRPT Balance Sheet

2023-03-31
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 337,143$ 132,735
Short-term investments49,3260
Accounts receivable, net of allowance for doubtful accounts49,51357,572
Inventories, net66,31958,290
Prepaid expenses7,7519,778
Other current assets3,0923,590
Total Current Assets513,144261,965
Property, plant and equipment, net826,152800,586
Deposits on equipment2,9363,823
Operating lease right of use assets4,8085,165
Equity method investment025,418
Long term investment in equity securities24,4380
Other assets28,53928,426
Total Assets1,400,0171,125,383
CURRENT LIABILITIES:  
Accounts payable26,39155,088
Accrued expenses27,80533,016
Current operating lease liabilities1,5431,510
Total Current Liabilities55,73989,614
Convertible senior notes391,5670
Long term operating lease liabilities3,8044,200
Total Liabilities451,11093,814
STOCKHOLDERS' EQUITY:  
Common stock — voting, $0.001 par value, 200,000 shares authorized, 48,123 issued and 48,109 outstanding on March 31, 2023, and 48,051 issued and 48,037 outstanding on December 31, 20224848
Additional paid-in capital1,267,6421,325,524
Accumulated deficit(319,903)(295,117)
Accumulated other comprehensive income1,3761,370
Treasury stock, at cost — 14 shares on March 31, 2023 and on December 31, 2022(256)(256)
Total Stockholders' Equity948,9071,031,569
Total Liabilities and Stockholders' Equity$ 1,400,017$ 1,125,383