Jim Cramer on Freshpet, Inc.: “I Think That This Stock Has Been Too Hot Versus the Cohort”

Freshpet, Inc. (NASDAQ:FRPT) is featured in Mad Money’s latest recap as Jim Cramer shared his buy, sell, or hold verdict. During the lightning round, a caller asked about Cramer’s thoughts on the stock, and he said:

You know what, people didn’t like the margins this time. It’s been a big winner. You know what? Let’s just leave it alone for a while. I think that this stock has been too hot versus the cohort.

Freshpet, Inc. (NASDAQ:FRPT) manufactures natural fresh meals and treats for dogs and cats. The company’s brands include Freshpet for dog food, cat food, and dog treats, as well as Dognation and Dog Joy for fresh treats.

On March 23, The Fly reported that Benchmark raised its price target on the stock to $93 from $90, while maintaining a Buy rating. The firm attended a recent analyst event at the company’s New Jersey Commercial Center of Excellence and noted that Freshpet, Inc. (NASDAQ:FRPT) is “extending its competitive moat rather than seeing it pressured by newer entrants into the fresh dog food category.” Benchmark also increased its fiscal year 2026 and 2027 projections, driven by a slight uptick in the company’s volume trends.

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