Freshpet dips after Jefferies downgrades to 'hold'

Freshpet

09/10/2025 10:45

** Shares of pet food maker Freshpet FRPT.O fall nearly 1.7% to $48.69 in premarket

** Jefferies downgrades stock rating to "hold" from "buy", citing that Freshpet is slowing down and facing tough comparisons for the next nine months

** Brokerage also slashes PT to the street's lowest $53 from $97,  which represents a 7.05% upside to the stock's last close

** Since there's no clear short-term boost expected, co will likely continue growing at around 10%, but not faster, adds brokerage

** "Freshpet is not attracting new customers at the same rate, and the spread between new/lapsed households is narrowing"- Jefferies

** Average rating of 17 analysts is "buy"; median PT $84 - data compiled by LSEG

** As of last close, FRPT is down nearly 66.5% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))