Freshpet Is Not Out Of The Woods On Consumption Trends, Analyst Says
1. J.P. Morgan cuts FRPT price forecast from $154 to $102, maintains Neutral rating. 2. Concerns include changing consumption trends among lower-income consumers affecting FRPT. 3. Revenue growth estimates for FY25 and FY26 lowered, indicating potential challenges. 4. EBITDA estimates reduced for FY25 and FY26 despite strong revenue growth. 5. FRPT shares declined 7.46%, reflecting market reaction to the downgraded forecast.