Brokerages Set Once Upon A Farm (NYSE:OFRM) Price Target at $29.38

Shares of Once Upon A Farm (NYSE:OFRM) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.3750.

OFRM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a report on Monday. William Blair started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “outperform” rating for the company. Zacks Research raised shares of Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. initiated coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 target price on the stock. Finally, Wall Street Zen lowered shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st.

Once Upon A Farm Stock Performance

OFRM stock opened at $15.13 on Friday. Once Upon A Farm has a 12 month low of $15.00 and a 12 month high of $27.00.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings results 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 the consensus estimate of $62.65 million.

Insider Activity

In related news, Director Walter E. Iv Robb bought 5,555 shares of Once Upon A Farm stock in a transaction that occurred on Monday, February 9th. The stock was acquired 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 owned 145,970 shares in the company, valued at approximately $2,627,460. This represents a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible 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.