Wells Fargo Maintains Overweight on Freshpet, Lowers Price Target to $77
Wells Fargo analyst Marc Torrente maintains Freshpet (NASDAQ:FRPT) with a Overweight and lowers the price target from $82 to $77.
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Freshpet (NASDAQ:FRPT) reported second-quarter financial results on Wednesday. The transcript from the company's second-quarter earnings call has been provided below. This transcript is brought to you by Benzinga
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Wells Fargo analyst Marc Torrente maintains Freshpet (NASDAQ:FRPT) with a Overweight and lowers the price target from $82 to $77.
Freshpet CEO William Cyr sold 87,905 shares for $6.6 million on August 21-24, 2026, as part of a pre-arranged trading plan following the exercise of ~168,000 options. Despite the sale, his total equity holdings increased to ~567,000 shares. The transaction appears to be routine executive compensation rather than a bearish signal on the stock. Freshpet trades at 39x 2027 estimated earnings with 15% recent sales growth, though the valuation is considered premium for a non-high-growth company.