Freshpet (NASDAQ:FRPT) Stock Gets Price Target Bump from Wells Fargo & Company

Key Points

• Wells Fargo raised its Freshpet price target from $77 to $84 and maintained an “overweight” rating, implying about 19% upside from the share price cited in the article.
• Freshpet reported quarterly EPS of $0.58, beating the $0.39 consensus estimate, while revenue of $317.84 million topped expectations and grew 10.1% year over year.
• Analyst sentiment is broadly positive: nine analysts rate the stock Buy and seven Hold, giving it a “Moderate Buy” consensus and an average price target of $80.15.

Freshpet (NASDAQ:FRPT - Get Free Report) had its price target hoisted by equities research analysts at Wells Fargo & Company from $77.00 to $84.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 18.97% from the company's current price.

A number of other brokerages have also recently issued reports on FRPT. TD Cowen reduced their price objective on Freshpet from $85.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Wall Street Zen upgraded Freshpet from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. Needham & Company LLC initiated coverage on Freshpet in a report on Thursday, October 1st. They set a "hold" rating for the company. Weiss Ratings upgraded Freshpet from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Freshpet from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Monday, October 26th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.15.

Freshpet Stock Performance

Shares of FRPT opened at $70.61 on Thursday. The company has a market cap of $3.47 billion, a PE ratio of 18.74 and a beta of 1.75. The firm has a 50-day moving average of $64.91 and a 200-day moving average of $63.93. Freshpet has a one year low of $46.45 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.05 and a quick ratio of 5.03.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.19. Freshpet had a return on equity of 5.97% and a net margin of 17.28%. The business had revenue of $317.84 million during the quarter, compared to the consensus estimate of $312.02 million. During the same quarter last year, the firm posted $1.86 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Freshpet will post 1.25 earnings per share for the current year.

Insider Activity

In other Freshpet news, Director Walter George bought 1,000 shares of the firm's stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $64.92 per share, for a total transaction of $64,920.00. Following the transaction, the director directly owned 51,746 shares in the company, valued at approximately $3,359,350.32. This trade represents a 1.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Cyr sold 2,657 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $75.40, for a total transaction of $200,337.80. Following the transaction, the chief executive officer owned 49,044 shares in the company, valued at approximately $3,697,917.60. The trade was a 5.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 171,636 shares of company stock valued at $12,754,864 in the last quarter. Corporate insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Freshpet

Large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC acquired a new position in Freshpet in the 3rd quarter worth about $210,000. Keybank National Association OH boosted its stake in shares of Freshpet by 35.0% during the third quarter. Keybank National Association OH now owns 19,139 shares of the company's stock valued at $1,102,000 after purchasing an additional 4,965 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of Freshpet by 8.9% during the third quarter. AlphaCore Capital LLC now owns 4,618 shares of the company's stock valued at $266,000 after purchasing an additional 377 shares in the last quarter. Fulcrum Asset Management LLP grew its holdings in shares of Freshpet by 16,813.2% during the third quarter. Fulcrum Asset Management LLP now owns 6,427 shares of the company's stock worth $367,000 after purchasing an additional 6,389 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Freshpet by 12.9% during the third quarter. Pictet Asset Management Holding SA now owns 8,026 shares of the company's stock worth $462,000 after purchasing an additional 918 shares during the last quarter.

More Freshpet News

Here are the key news stories impacting Freshpet this week:

• Positive Sentiment: Freshpet reported Q3 earnings of $0.58 per share, above analyst estimates, while revenue reached $317.84 million—up 10.1% year over year and ahead of expectations. Freshpet Q3 2026 financial results
• Positive Sentiment: Profitability improved, with gross margin at 45% and adjusted gross margin at 50%. Management raised and narrowed its 2026 outlook, and coverage highlighted stronger EBITDA growth and a fourth consecutive EPS beat. Freshpet raises 2026 outlook
• Positive Sentiment: Long-term customer spending offers another demand signal: the company’s most valuable pet-parent households spend roughly $522 per year on Freshpet products. Freshpet: 3 key takeaways for long-term investors
• Neutral Sentiment: Freshpet executives plan to participate in upcoming investor conferences. This may provide more opportunity to discuss company strategy, but the announcement itself does not indicate a change in financial performance. Freshpet to participate in upcoming investor conferences
• Negative Sentiment: Management acknowledged that competition is heating up. This could pressure Freshpet’s ability to sustain growth and margin gains, despite the strong quarter. Freshpet raises 2026 outlook amid competition

Freshpet Company Profile

Freshpet, Inc NASDAQ: FRPT is a pet food company that develops, manufactures and markets refrigerated, fresh food and treats for dogs and cats. Its products are made with animal proteins, vegetables and other ingredients and are designed to be stored in the refrigerator rather than on a conventional shelf.

The company sells its products under the Freshpet brand and related product lines, including Freshpet Select and Vital. Its offerings include refrigerated meals, rolls, recipes and treats formulated for different pet sizes, ages and dietary needs.

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