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Craig D. Steeneck, a director at Freshpet Inc . (NASDAQ:FRPT), recently acquired 2,000 shares of the company’s common stock. The purchase, valued at approximately $212,560, was made at a price of $106.28 per share. The timing is notable as the stock has declined 18% in the past week and currently trades near its 52-week low of $97.48. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this transaction, Steeneck now holds a total of 32,479 shares of Freshpet. The transaction was disclosed in a filing with the Securities and Exchange Commission. With a market capitalization of $5.2 billion and a FAIR financial health score, Freshpet shows promising fundamentals. InvestingPro subscribers can access 15+ additional insights, including detailed insider trading analysis and comprehensive Fair Value calculations in the Pro Research Report.
In other recent news, Freshpet has been the focus of several analyst assessments following its latest financial disclosures. DA Davidson reaffirmed its Buy rating on Freshpet with a steady price target of $189, despite adjusting estimates due to a decrease in net sales projections but with increased leverage on general and administrative costs. Meanwhile, Jefferies upgraded Freshpet’s stock from Hold to Buy, although it reduced the price target to $150 from $155, citing a strong fourth-quarter performance and positive trends in the pet industry. Truist Securities also maintained a Buy rating but lowered the price target to $140 from $170, influenced by the contracting multiples of Consumer Packaged Goods growth stocks.
TD Cowen reduced its price target for Freshpet to $141 from $174, maintaining a Buy rating despite the company’s fourth-quarter sales falling short of expectations and a 2025 sales growth forecast below consensus. Stifel cut its price target to $155 from $165 but upheld a Buy rating, expressing confidence in Freshpet’s potential for market share gains and improved financial metrics. Analysts from these firms generally see Freshpet’s strategic initiatives and market positioning as strong, despite the recent adjustments in price targets. The company’s focus on expanding its distribution and advertising efforts is viewed positively, with expectations of improved performance in the future. Investors are closely monitoring Freshpet’s progress, especially in terms of sales growth and market share in the pet food industry.
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