← BackFreshpet, Inc. · Grain Mill ProductsFRPT
Low riskNext report: In 5 days (est.)
The short versionA profitable company with growing sales. Institutions are trimming.
Going well
- Sales up 16% in the latest quarter vs a year ago
- Profitable
- Sales up 13% last year
Watch out for
- Share count growing 6.6% a year
Money moves
- No insider buying or selling in the last 30 days
- Institutions cut 4.4% from their holdings in the quarter ending June 2026 (156 bought, 185 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$305.6M+15% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $1.2B, up 13% from the 12 months before. Over 5 years, sales grew about 28% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.3%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.6%
- MissProfitable every yearSteady profits, not one good year.2 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$160.6M
- MissShare count not growingNot diluting owners. Falling means buybacks.+21.3% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.8%
- Revenue
- $1.1B
- +13.0% vs prior year
- 5-year growth
- +28.2%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 5.54x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $305.6M
- +15.5% YoY
- EPS
- $0.39
- vs $0.33
- Op. margin
- 7.1%
- +0.4 pts
- Gross margin
- 42.1%
- +1.2 pts
- Free cash flow
- $14.7M
- Share count
- +11.2%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
49/ 100
- This week
- 2
- Normal week
- 2.0
- vs normal
- 1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-4.4%Institutions cut 4.4% from their holdings. 156 bought, 185 sold.
Shares held by institutions77.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-0.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
48MNext reportIn 5 days (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedMay 6
- Results filedFeb 23
- Results filedNov 3, 2025
- Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardNicola J. BatyPresident & COO
58,245 shares
- +161% of holdings
- Now owns 94,461 shares
- Filed 2 days after trade
BoughtWalter N. GeorgeDirector
1,000 shares at $64.92 · $65K
- +2% of holdings
- Now owns 51,746 shares
- Filed 2 days after trade
Shares withheld for taxesNicola J. BatyChief Operating Officer
2,082 shares at $70.46 · $147K
- -5% of holdings
- Now owns 36,216 shares
- 2 transactions
- Filed 2 days after trade
SoldWilliam B. CyrChief Executive Officer, Director
39,664 shares at $74.72 avg ($74.67 to $75.40) · $3.0M
- -29% of holdings
- Now owns 96,677 shares
- Pre-planned sale (10b5-1)
- Held by Spouse
- 4 transactions
- Filed 2 days after trade
- Also: Option exercise
SoldWilliam B. CyrChief Executive Officer, Director
87,905 shares at $74.88 avg ($73.87 to $76.01) · $6.6M
- -49% of holdings
- Now owns 90,447 shares
- Pre-planned sale (10b5-1)
- Held by Spouse
- 9 transactions
- Filed 1 day after trade
- Also: Option exercise