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Fly News Breaks for July 29, 2019
FRPT
Jul 29, 2019 | 09:13 EDT
Stifel analyst Mark Astrachan said his analysis of Freshpet's buying rate and household penetration leads him to believe that management's goal of $500M in sales by 2023 is likely conservative. The analyst thinks sales of $536M by then is "reasonable," but added that his own sales expectations could be conservative as he assumes no meaningful expansion for international and cat. Astrachan keeps a Buy rating and $50 price target on Freshpet shares.
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