Once Upon A Farm (NYSE:OFRM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Once Upon A Farm (NYSE:OFRM) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.75.

Several equities analysts have recently issued reports on OFRM shares. TD Cowen decreased their price objective on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday. Evercore began coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price objective for the company. Wall Street Zen cut Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. Finally, 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.

Once Upon A Farm Price Performance

Shares of OFRM opened at $15.13 on Wednesday. The firm has a 50-day moving average of $19.14. Once Upon A Farm has a 1 year low of $14.30 and a 1 year high of $27.00.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share (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.

Insiders Place Their Bets

In other Once Upon A Farm 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 stock was purchased at an average price 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 in the company, valued at $2,627,460. This trade represents a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.