Freshpet Is Not Out Of The Woods On Consumption Trends, Analyst Says

J.P. Morgan analyst Ken Goldman cut the price forecast for Freshpet, Inc. FRPT from $154 to $102 while maintaining a Neutral rating.The analyst says that key concerns for the company include changing consumption trends (particularly among lower- and middle-income consumers and in terms of household penetration) and uncertainity about accuracy of consensus estimates for first-quarter FY25 and beyond.Meanwhile, Goldman cites the company’s strong revenue growth, which is among the best in U.S. consumer staples ...