How to Buy Freshpet Stock
Freshpet Inc
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe.
Freshpet stock last closed at $135.25, down 2.18% from the previous day, and has increased 80.98% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.79 percentage points. Freshpet stock is currently +147.71% from its 52-week low of $54.60, and -5.46% from its 52-week high of $143.06.
There are currently 48.48M FRPT shares outstanding. The market capitalization of FRPT is $6.56B. In the last 24 hours, 402,023 FRPT shares were traded.
How to Buy Freshpet Stock
Not sure how to invest in Freshpet stock? Here's how.
- Figure out where to buy Freshpet stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Freshpet stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your info.
- Research Freshpet stock: The Freshpet ticker symbol is FRPT. Is Freshpet stock a good investment? Should you buy shares of FRPT? How do FRPT's underlying business fundamentals look? Do top analysts think Freshpet is a good buy? Why has FRPT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if FRPT is a good stock to buy).
- Place your FRPT purchase: Decide if you will purchase FRPT shares at the current market price or use a limit order to purchase FRPT shares at a given price.
- Monitor your investment in FRPT: Create a watchlist to watch your investment in Freshpet stock.
Step 1: Figure out where to buy Freshpet stock
You will need an online brokerage account to access the NASDAQ market and buy FRPT shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal details so you are able to buy FRPT today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new brokerage account.
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Step 3: Deposit money your investment account
Now that you have filled out your info on the best free stock trading app, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing funds into your new investment account.
Step 4: Research Freshpet stock
Once you have figured out the best place to buy Freshpet stock, it's important to evaluate their stock prior to buying, so you actually understand the risk and upside.
Freshpet stock data
Fundamentals of Freshpet
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on FRPT's stock page.
What is the fair value of FRPT stock?
You can use many financial metrics, analyses, models, and charts to gauge FRPT's fair value.
Using relative valuations metrics:
- FRPT may be overvalued based on its P/E ratio of 260.1x, relative to Packaged Foods industry P/E ratio of 28.63x
- FRPT could be overvalued based on its P/B ratio of 6.58x, relative to Packaged Foods industry P/B ratio of 2.26x
- FRPT may be overvalued based on its PEG ratio of 4.53x
You can do more valuation research on FRPT's stock here.
FRPT Financial Overview
Positive Financial Indicators:
- Total FRPT debt is lower than 5 years ago, relative to shareholder equity.
- FRPT has cash burn of 107391000. It has enough cash and short-term investments to cover this for at least one year.
- FRPT has $251.70M in cash and short term investments. This is sufficient to cover its annual cash burn of $107.39M.
- FRPT profit margin has gone up from -9.4% to 2.9% in the past year.
- There are more short-term assets than short-term liabilities on the FRPT balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the FRPT balance sheet.
- FRPT has a relatively high debt to equity ratio of 0.51.
Is Freshpet stock a Buy, Hold, or Sell, according to analysts?
Out of 14 sell side analysts who give recommendations on FRPT, the consensus analyst rating on Freshpet is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent FRPT Analyst Forecasts
Bryan Spillane, a top 19% analyst from Bank of America maintains FRPT with a strong buy rating and raises their FRPT price target from $140.00 to $150.00, on Jul 10, 2024.
Bank of America's Bryan Spillane raised their price target on Freshpet (NASDAQ: FRPT) by 7.1% from $140 to $150 on 2024/07/10. The analyst maintained their Strong Buy rating on the stock.
In a preview note, Spillane adjusted their price target on Freshpet in the context of "quarter-end checks with names in their Consumer Staples portfolio."
The analyst reported that "the overall tone from most of those conversations was more cautious than last quarter-end, which makes sense given softer retail sales trends, continued weakness in China, and boycotts related to the conflict in the Middle East for multinationals."
BoA cut its growth estimates for the group to better reflect industry conditions, Spillane said.
Marc Torrente, a bottom 27% analyst from Wells Fargo maintains FRPT with a strong buy rating and raises their FRPT price target from $140.00 to $145.00, on Jul 10, 2024.
Michael Lavery, a top 6% analyst from Piper Sandler maintains FRPT with a strong buy rating and maintains their FRPT price target from $150.00 to $150.00, on Jul 2, 2024.
Rupesh Parikh, a top 8% analyst from Oppenheimer maintains FRPT with a buy rating and raises their FRPT price target from $135.00 to $155.00, on Jun 25, 2024.
Edward Lewis, a bottom 25% analyst from Redburn Atlantic upgrades FRPT to a strong buy rating and announces their FRPT price target of $168.00, on May 23, 2024.
You can dig deeper into what analysts are saying on the Freshpet stock forecast page.
FRPT Technical Indicators
FRPT Revenue
Last year, FRPT earnings were $25.03M. In the past 4 year, FRPT's earnings have increased by 44.28% per year. This was faster than the Packaged Foods industry average of 0.08%.
Last year, FRPT revenue was $875.14M. During the past 5 year, FRPT's revenue has grown by 32.13% per year. This was faster than the Packaged Foods industry average of 5.01%.
Dig into FRPT's earnings and revenue performance here.
What are FRPT executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at FRPT have sold more shares than they have bought.
Nishu D. Patel, Chief Accounting Officer of FRPT, was the latest FRPT insider to sell. They sold $28,207.02 worth of FRPT shares on Jun 28, 2024.
Research more about who owns FRPT shares here.
Can I get consistent income from FRPT stock?
No, Freshpet doesn't provide an income stream by paying out dividends.
FRPT Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your FRPT purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your investment in FRPT
Now that you own some FRPT shares, you'll want to stay up-to-date on your investment.
Create a watchlist to track the most important metrics related to your FRPT stock.
FRPT Feed
How to Buy Stock in Freshpet
To reiterate, here are the 6 steps you need to take to buy Freshpet stock right now:
- Figure out where to buy Freshpet stock
- Create your brokerage account
- Deposit money your investment account
- Research Freshpet stock
- Place your FRPT purchase
- Monitor your investment in FRPT
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your investment in Freshpet, create your watchlist below.
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