Once Upon A Farm (NYSE:OFRM) Shares Gap Down – Here’s What Happened

Once Upon A Farm (NYSE:OFRM) shares gapped down prior to trading on Friday . The stock had previously closed at $20.35, but opened at $17.73. Once Upon A Farm shares last traded at $17.5850, with a volume of 777,570 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on OFRM shares. Oppenheimer began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 price target for the company. TD Cowen assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “hold” rating and a $26.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “buy” rating and a $43.00 price objective for the company. Barclays started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $25.00 target price for the company. Finally, Bank of America started coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Once Upon A Farm Stock Performance

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $64.03 million during the quarter, compared to analysts’ expectations of $62.65 million.

Insider Activity

In related news, Director Walter E. Iv Robb purchased 5,555 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $18.00 per share, with a total value of $99,990.00. Following the completion of the acquisition, the director owned 145,970 shares in the company, valued at approximately $2,627,460. This represents a 3.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

About Once Upon A Farm

Once Upon A Farm (NYSE: OFRM) is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.