Safirstein Metcalf LLP announces that a class action has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) common stock during the period between April 1, 2015 and November 11, 2015 (the “Class Period”).

If you purchased Freshpet securities during the Class Period, you may, no later than June 20, 2016, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of all class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you want more information about the Freshpet Securities Class Action, contact Sheila Feerick at Safirstein Metcalf LLP, 1-800-221-0015 or email [email protected] or at http://www.safirsteinmetcalf.com/freshpet.html

The complaint alleges that throughout the Class Period, defendants failed to disclose material adverse facts about the Company’s true financial condition, business and prospects. Specifically the complaint alleges that: (a) one of the Company’s material customers, Target Corp., was undergoing a corporate reorganization and, accordingly, was delaying the installation of a significant number of Freshpet Fridges; (b) two of the Company’s supermarket customers were experiencing financial hardships such that it was likely that any Freshpet Fridges located in their respective stores would soon have to be removed; and (c) due to the foregoing, the Company was not growing its overall number of installed Freshpet Fridges at the levels communicated to investors and was tracking well below internal forecasts for such placements.

On August 11, 2015 Freshpet announced its financial results for the second quarter of 2015, the period ending June 30, 2015, and revealed that the Company was experiencing weaker gross margins and slowing fridge growth. Following this news, the price of Freshpet common stock declined $0.87 per share, or 6%, to close at $13.73 per share, on August 12, 2015 on heavy trading volume.

Then, on November 11, 2015 Freshpet announced its financial results for the third quarter of 2015, the period ending September 30, 2015. For the quarter, the Company reported net sales of $30.6 million, adjusted EBITDA of $2.3 million, and Freshpet Fridges of 14,670.  Following this news the price of Freshpet common stock fell $2.09 per share, or 25%, to close at $6.28 per share on November 12, 2015.