Freshpet (NASDAQ:FRPT) Given New $95.00 Price Target at DA Davidson

Key Points

• DA Davidson lowered Freshpet’s price target from $101 to $95 while maintaining a “Buy” rating, implying 42.36% upside from the prior close.
• Freshpet’s shares traded at $66.73, with the stock valued at roughly $3.28 billion. Analyst sentiment remains a “Moderate Buy,” with 10 Buy, seven Hold, and one Sell rating and an average target of $75.31.
• Insider transactions were mixed but heavily weighted toward selling: the CEO sold 42,495 shares, while a director bought 2,000 shares; over the past 90 days, insiders sold about $11.7 million worth of stock versus $215,000 purchased.

Freshpet (NASDAQ:FRPT - Get Free Report) had its target price cut by analysts at DA Davidson from $101.00 to $95.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's target price indicates a potential upside of 42.36% from the stock's previous close.

Several other brokerages have also recently commented on FRPT. Wells Fargo & Company lowered their target price on shares of Freshpet from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group reduced their price target on Freshpet from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. Morgan Stanley restated an "equal weight" rating and set a $72.00 price objective (down from $77.00) on shares of Freshpet in a research note on Thursday. Piper Sandler reaffirmed an "overweight" rating on shares of Freshpet in a report on Monday, June 15th. Finally, Bank of America cut their target price on Freshpet from $75.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, July 1st. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Freshpet presently has an average rating of "Moderate Buy" and an average target price of $75.31.

Freshpet Stock Performance

NASDAQ:FRPT traded down $4.74 during mid-day trading on Thursday, reaching $66.73. 1,895,084 shares of the company's stock were exchanged, compared to its average volume of 1,527,888. Freshpet has a one year low of $46.45 and a one year high of $86.00. The firm has a market capitalization of $3.28 billion, a PE ratio of 17.84 and a beta of 1.61. The business's fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $62.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18.

Insider Buying and Selling

In related news, CEO William B. Cyr sold 42,495 shares of Freshpet stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $51.03, for a total transaction of $2,168,519.85. Following the sale, the chief executive officer directly owned 224,459 shares of the company's stock, valued at approximately $11,454,142.77. The trade was a 15.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig D. Steeneck acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $47.83 per share, with a total value of $95,660.00. Following the completion of the transaction, the director owned 37,500 shares in the company, valued at $1,793,625. This represents a 5.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. Company insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FRPT. State of Wyoming acquired a new stake in shares of Freshpet during the 2nd quarter valued at $61,000. Handelsbanken Fonder AB increased its holdings in Freshpet by 13.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 17,300 shares of the company's stock worth $1,023,000 after purchasing an additional 2,100 shares in the last quarter. Fulton Bank N.A. increased its holdings in Freshpet by 30.2% in the 2nd quarter. Fulton Bank N.A. now owns 8,909 shares of the company's stock worth $527,000 after purchasing an additional 2,068 shares in the last quarter. Sarasin & Partners LLP raised its position in Freshpet by 6.1% in the second quarter. Sarasin & Partners LLP now owns 28,500 shares of the company's stock valued at $1,685,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Freshpet by 254.8% during the second quarter. Versant Capital Management Inc now owns 1,689 shares of the company's stock valued at $100,000 after purchasing an additional 1,213 shares in the last quarter.

Key Freshpet News

Here are the key news stories impacting Freshpet this week:

• Positive Sentiment: Strong Q2 results beat expectations. Freshpet reported second-quarter revenue of $305.6 million, up approximately 15.5% year over year, while EPS of $0.39 exceeded the $0.22 analyst consensus. Volume growth was the primary sales driver. Freshpet Second Quarter 2026 Financial Results
• Positive Sentiment: Margins and earnings improved. Adjusted EBITDA rose to $52.2 million from $44.4 million, and adjusted gross margin expanded to 48.6% from 46.9%, helped by lower input costs and improved plant utilization. Management raised its long-term adjusted gross-margin target to above 49%.
• Positive Sentiment: Freshpet raised its 2026 outlook. The company now expects full-year net sales growth of 10% to 12% and adjusted EBITDA of $210 million to $220 million, supporting the view that recent operational improvements can continue. Freshpet Higher 2026 Outlook
• Positive Sentiment: Analyst support increased. Stifel Nicolaus raised its price target from $66 to $78 and upgraded Freshpet to Buy, citing additional upside following the earnings performance. Benzinga analyst coverage
• Neutral Sentiment: Analyst views remain mixed. Morgan Stanley reaffirmed an Equal Weight rating but lowered its target from $77 to $72, suggesting more limited upside than Stifel’s forecast.
• Negative Sentiment: Insider selling may temper sentiment. Reported insider activity over the past six months shows substantially more selling than buying, including significant sales attributed to CEO William Cyr.

Freshpet Company Profile

Freshpet Inc NASDAQ: FRPT is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company's products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet's offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet's product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.

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