Freshpet, Inc. (FRPT)
Freshpet, Inc. is a pet food company that specializes in fresh, refrigerated, and natural pet products. Founded in 2006, it focuses on providing healthier and high-quality food options for dogs and cats, using fresh ingredients without preservatives, artificial flavors, or colors. The company's products are sold through grocery stores, pet specialty retailers, and online channels. Freshpet emphasizes innovation in pet nutrition and sustainability.
Company News
Despite a generally positive market in 2025, several technology, entertainment, and food-related stocks have experienced significant value declines. The article analyzes five companies that have lost over 50% of their value and suggests potential for recovery.
JP Morgan analyst Ken Goldman cut Freshpet's price target from $154 to $102, citing concerns over changing consumption trends and uncertainty about consensus estimates. The analyst revised revenue and EBITDA estimates lower for FY25/26 and introduced weaker FY27 growth and EBITDA forecasts.
Freshpet, Inc. announced that members of its executive management team will participate in the 2025 ICR Conference in Orlando, FL on January 14, 2025. The presentation will be webcast and available on the company's website.
Mondelez International reported strong Q2 2024 results, with adjusted earnings beating estimates and organic revenue growth driven by pricing actions. The company reaffirmed its 2024 outlook, expecting high-single-digit adjusted EPS growth despite currency headwinds.
Citi maintains a Neutral rating on Freshpet but raises its price target, anticipating the company may exceed earnings expectations in the upcoming Q2 2024 results. Analysts are optimistic about Freshpet's growth potential and financial performance.
