FRPT Stock Summary and Trading Ideas (Freshpet | NASDAQ:FRPT)

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 2022 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.

Freshpet trades on the NASDAQ stock market under the symbol FRPT.

As of April 18, 2024, FRPT stock price declined to $103.84 with 283,275 million shares trading.

FRPT has a beta of 0.89, meaning it tends to be less sensitive to market movements. FRPT has a correlation of 0.07 to the broad based SPY ETF.

FRPT has a market cap of $5.01 billion. This is considered a Mid Cap stock.

Last quarter Freshpet reported $215 million in Revenue and $.31 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.26.

In the last 3 years, FRPT stock traded as high as $186.98 and as low as $36.02.

The top ETF exchange traded funds that FRPT belongs to (by Net Assets): VTI, VB, VXF, VBK, VDC.

FRPT has outperformed the market in the last year with a return of +59.4%, while the SPY ETF gained +22.3%. In the last 3 month period, FRPT beat the market returning +21.6%, while SPY returned +6.1%. However, in the most recent 2 weeks FRPT has underperformed the stock market by returning -6.8%, while SPY returned -3.8%.

FRPT support price is $103.01 and resistance is $107.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRPT stock will trade within this expected range on the day.