Topic: How To Invest

Q: Pat: Freshpet looks like an interesting pet care play. What do you and your team think about the stock? Thanks.

Article Excerpt

A: Freshpet Inc., $52.63, symbol FRPT on Nasdaq (Shares outstanding: 48.0 million; Market cap: $2.5 billion;, makes fresh, natural food for dogs and cats. The company’s foods are blends of fresh meats, vegetables and fruits farmed locally and made at its Freshpet Kitchens. Freshpet uses natural ingredients, cooking them in small batches at lower temperatures, with the aim of preserving the natural goodness of the ingredients. The company sells its products to grocery stores, mass merchants, warehouse stores, specialty pet and natural food stores in the U.S., Canada and Europe. Freshpet foods and treats are kept refrigerated from when they are made until they arrive at Freshpet Fridges at local retailers. Freshpet provides its customers with Freshpet Fridges to merchandise its products. As of September 30, 2022, it had 24,651 Freshpet Fridges installed across North America and parts of Europe. The company first sold shares to the public at $15 each in November 2014. The stock got above $180 a share in…