Freshpet (FRPT)
Makes fresh refrigerated meals and treats through a company-owned fridge network.
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Makes and markets natural fresh meals and treats for dogs and cats. Its model links Freshpet Kitchens, refrigerated distribution, and company-owned Freshpet Fridges across retail channels.
Natural fresh meals and treats for dogs and cats are made and marketed through a refrigerated system rather than conventional shelf-stable fixtures. Freshpet Kitchens, refrigerated distribution, and company-owned Freshpet Fridges link production to grocery, mass, club, pet-specialty, digital, and international retail channels.
The model depends on food quality, cold-chain execution, retail equipment, manufacturing capacity, and major retail customers. Its founders retain operating roles: Scott Morris serves as President and Co-Founder, while Cathal Walsh manages Europe. Billy Cyr has been chief executive since 2016. Two owned Pennsylvania facilities manufacture its food.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $63 | Target: $70 |
| Aug 6, 2026 | Morgan Stanley | Downgrade | Target: $77 | Target: $72 |
| Jul 28, 2026 | Coker Palmer | Target | Target: $80 | Target: $72 |
| May 7, 2026 | Morgan Stanley | Target | Target: $90 | Target: $77 |
| May 7, 2026 | Deutsche Bank | Target | Target: $62 | Target: $63 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $350.8M · Total debt $493.7M · Total assets $1.81B · Shareholders' equity $1.24B
- Revenue
- $305.6M
- Operating income
- $21.7M
- Net income
- $19.5M
No dividends on record.
| Institutions | 132.89% | 63.86M shares | |
|---|---|---|---|
| 335 holders · as of Jun 30, 2026 | |||
| Insiders | 2.51% | 1.21M shares | |
| 21 holders · as of Sep 16, 2026 | |||
| Adds to | 135.40% | ||
48.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 135.40%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.25% | 5.89M | as of Jun 30, 2026 |
Jana Partners LLCInstitution | 9.51% | 4.57M | filed Sep 22, 2022 |
Capital World InvestorsInstitution | 6.33% | 3.04M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.11% | 2.94M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 5.89% | 2.83M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Walter N. George | director | +1,000 | $64.92 |
| Aug 26, 2026 | William B. Cyr | director, officer: Chief Executive Officer | −39,664 | $74.72 |
| Aug 24, 2026 | William B. Cyr | director, officer: Chief Executive Officer | −43,960 | $75.85 |
| Aug 21, 2026 | William B. Cyr | director, officer: Chief Executive Officer | −43,945 | $73.90 |
| Aug 19, 2026 | William B. Cyr | director, officer: Chief Executive Officer | −44,078 | $74.72 |
- General Mills
Fresh pet food and premium natural pet nutrition rival.
- Colgate-Palmolive
Premium and therapeutic pet nutrition competitor through Hill's.
- J.M. Smucker
Dog-food and treat competitor through Milk-Bone and Meow Mix.
- Post
Branded retail pet-food competitor through Post Consumer Brands.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Freshpet | $60.71 | −1.07% | $3.02B | 16.1 | 37.5 | 2.6 | +15.5% |
| General Mills | $35.89 | +1.34% | $18.90B | — | 11.8 | 1.0 | +1.2% |
| Colgate-Palmolive | $87.29 | +1.19% | $69.02B | 34.2 | 22.3 | 3.3 | +4.9% |
| J.M. Smucker | $121.52 | +1.37% | $12.81B | 56.0 | 12.1 | 1.4 | +5.0% |
| Post | $75.44 | +0.24% | $3.41B | 13.8 | 10.7 | 0.4 | −1.8% |
| Median | 34.2 | 11.9 | 1.2 | +3.0% |