Jefferies has downgraded Freshpet Inc (FRPT) to Hold from Buy, signaling a shift in sentiment for the pet food manufacturer. This decision, effective October 8, 2025, comes as the company's current stock price stands at $53.87.
The downgrade underscores increased caution regarding Freshpet's outlook. Analysts may be weighing competitive pressures and market conditions that could affect the company's performance. Freshpet, headquartered in Bedminster, New Jersey, specializes in manufacturing, marketing, and distributing fresh, meat-based pet food and treats for dogs and cats. The company employs 1,296 full-time workers and has been publicly traded since its IPO on November 7, 2014.
With a market capitalization of $2.6 billion, Freshpet has a trailing P/E ratio of 21.04 and an EPS of 2.24. Upcoming earnings are anticipated on August 3, 2026, with estimates of $0.32 EPS and $299.0 million in revenue.
Analyst ratings provide insight into market perceptions, but they should not be the sole basis for investment decisions. Freshpet's recent earnings performance has shown significant surprises, including a Q3 2025 EPS of $1.86 compared to an estimate of $0.44, reflecting a 320.3% surprise. However, the stock's future performance will depend on various factors, including competitive positioning and industry trends.
As of November 1, 2025, the analyst consensus for Freshpet remains a Buy, with 6 Strong Buy, 9 Buy, 7 Hold, and 1 Sell ratings among a total of 23 analysts.
This update provides insight into the evolving landscape for Freshpet Inc as it navigates challenges in the pet food market.