The Farmer’s Dog announced it will launch for the first time at retail with Walmart (WMT). “The launch brings its personalized meal plan service to millions of dog families nationwide through Walmart.com beginning in April,” Farmer’s Dog said in a statement. Shares of Freshpet (FRPT) are down 17% to $53.35 after the news. Farmer’s Dog said the launch “will dramatically expand access to human-grade nutrition – bringing better food to millions more dogs across the United States.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRPT:
- Freshpet price target raised to $93 from $90 at Benchmark
- Arm upgraded, Strategy initiated: Wall Street’s top analyst calls
- Freshpet: Pullback Creates Compelling Entry Point as Brand Strength and Acquisition Appeal Offset New Competition
- Costco (COSTCO) Pet Food Rivalry Fails to Shake Freshpet Stock (FRPT) Bulls
- Freshpet upgraded to Outperform from Perform at Oppenheimer
