Is Freshpet Stock a Buy?
Believe it or not, one of the best stocks on the market over the last five years has been Freshpet (NASDAQ: FRPT), the maker of fresh pet food for dogs and cats.
The stock has returned more than 2,000% over the last five years, benefiting from a number of trends, including pet owners spending more money on pets, a desire to feed pets healthier products, and pet humanization, or treating pets like members of the family. The pandemic has also been kind to pet product companies like Freshpet as pet adoptions spiked early in the pandemic. The pet product industry is recession-proof, and spending on at-home activities like pets has generally gone up during the crisis.
Image source: Freshpet.
Source Fool.com
