Once Upon A Farm (NYSE:OFRM) Sets New 1-Year Low – What’s Next?

Once Upon A Farm (NYSE:OFRM) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $15.65 and last traded at $16.1490, with a volume of 643429 shares. The stock had previously closed at $17.06.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OFRM. TD Cowen started coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target for the company. Bank of America started coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 price objective on the stock. Zacks Research raised shares of Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. Barclays initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $25.00 target price for the company. Finally, Evercore assumed coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target on the stock. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.38.

Once Upon A Farm Stock Down 3.7%

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings results on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $64.03 million for the quarter, compared to analyst estimates of $62.65 million.

Insider Activity

In other news, Director Walter E. Iv Robb bought 5,555 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the completion of the transaction, the director owned 145,970 shares in the company, valued at $2,627,460. The trade was a 3.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Once Upon A Farm Company Profile

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.