Why Freshpet Was a Dog of a Stock This Week

Core Viewpoint - Freshpet has experienced a significant decline in stock price, nearly 11% week-to-date, following a downgrade and price target cuts from analysts [1] Analyst Downgrade - Oppenheimer's Rupesh Parikh downgraded Freshpet's recommendation from outperform to perform, removing the previous price target of $140 per share [2] - The downgrade reflects management's subdued outlook and disappointing guidance, suggesting investors should wait for signs of improvement [3] Price Target Cuts - JPMorgan's Ken Goldman reduced his price target for Freshpet from$154 to $102, indicating the stock is fairly valued at this new level [4] - Stifel's Mark Astrachan lowered his target from$155 to $135, maintaining a buy recommendation [4] Business Strategy and Outlook - Despite recent challenges, Freshpet's focus on healthy pet food products is viewed as a solid business strategy, with potential for robust growth [5] - The stock may be considered a "buy on weakness" opportunity for investors [5]