On October 8, 2025, Bank of America downgraded Freshpet’s rating from Buy to Neutral. Bank of America also cut its price objective from $81 to $60, stating demand for fresh pet food has weakened and pet adoption rates are falling.
On this news, Freshpet’s stock price fell $3.36 per share, or 6.36%, to close at $49.51 per share on October 8, 2025.