Once Upon A Farm’s Quiet Period Set To Expire on March 18th (NYSE:OFRM)

Once Upon A Farm’s (NYSE:OFRMGet Free Report) quiet period will end on Wednesday, March 18th. Once Upon A Farm had issued 10,997,209 shares in its IPO on February 6th. The total size of the offering was $197,949,762 based on an initial share price of $18.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Once Upon A Farm

Once Upon A Farm Trading Down 7.3%

Once Upon A Farm stock opened at $18.87 on Friday. Once Upon A Farm has a fifty-two week low of $15.76 and a fifty-two week high of $27.00.

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

Insider Transactions at Once Upon A Farm

In related news, Director Walter E. Iv Robb purchased 5,555 shares of the company’s stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $99,990.00. Following the completion of the purchase, the director directly owned 145,970 shares of the company’s stock, valued at approximately $2,627,460. This trade represents a 3.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Key Headlines Impacting Once Upon A Farm

Here are the key news stories impacting Once Upon A Farm this week:

About Once Upon A Farm

(Get Free Report)

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.

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