William Blair analyst Jon Andersen has maintained their bullish stance on FRPT stock, giving a Buy rating today.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jon Andersen has given his Buy rating due to a combination of factors that highlight Freshpet’s strong performance and potential for growth. The company’s sales exceeded expectations by 2%, both compared to Jon’s estimates and the consensus, indicating robust demand and effective sales strategies. Additionally, Freshpet’s EBITDA surpassed forecasts by 9%, showcasing efficient cost management and operational execution.
Despite the adjustment of 2025 guidance to the lower end of the previous range, the organic sales growth of 14%, driven by a 13% increase in volume and a 1% improvement in price/mix, reflects positive consumption trends and strategic shipment timing. Although the gross margin was slightly below Jon’s forecast, it aligned with consensus expectations, suggesting stable production leverage. These factors collectively suggest a promising outlook for Freshpet, justifying Jon Andersen’s Buy rating.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FRPT in relation to earlier this year.