Freshpet Analysts Boost Their Forecasts Following Strong Q2 Results

Group 1 - Freshpet reported a second-quarter earnings per share loss of $0.03, outperforming the analyst consensus of a $0.08 loss [1] - Quarterly sales reached $235.253 million, exceeding the expected $231.053 million, driven by a volume gain of 28.3% [1] - The company raised its net sales and Adjusted EBITDA guidance for 2024, now expecting at least $965 million in net sales, a 26% increase from 2023, up from a previous estimate of at least $950 million [2] Group 2 - Freshpet shares increased by 5.2%, trading at $127.77 following the earnings announcement [3] - Baird analyst Peter Benedict maintained an Outperform rating on Freshpet and raised the price target from $135 to $140 [3] - JP Morgan analyst Ken Goldman maintained a Neutral rating and increased the price target from $113 to $126 [3]