Once Upon A Farm (NYSE:OFRM) Stock Price Down 3.7% – What’s Next?

Once Upon A Farm (NYSE:OFRM)’s stock price fell 3.7% during trading on Tuesday . The stock traded as low as $17.25 and last traded at $17.1090. 30,215 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 557,975 shares. The stock had previously closed at $17.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OFRM. Evercore set a $23.00 price objective on shares of Once Upon A Farm in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. upped their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Barclays lifted their price target on Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Once Upon A Farm currently has an average rating of “Hold” and an average price target of $25.88.

Once Upon A Farm Stock Performance

The business’s fifty day moving average price is $18.02 and its two-hundred day moving average price is $17.86. The firm has a market capitalization of $709.21 million and a P/E ratio of -46.92.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million for the quarter. Sell-side analysts predict that Once Upon A Farm will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Once Upon A Farm

A number of large investors have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in shares of Once Upon A Farm during the 2nd quarter valued at $75,000. Bank of New York Mellon Corp purchased a new position in Once Upon A Farm during the 2nd quarter worth $781,000. Lisanti Capital Growth LLC acquired a new position in Once Upon A Farm during the 2nd quarter valued at about $1,665,000. Public Employees Retirement System of Ohio increased its position in Once Upon A Farm by 18.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock valued at $1,781,000 after buying an additional 13,611 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Once Upon A Farm by 3.0% in the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after buying an additional 2,990 shares during the last quarter.

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.