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

Once Upon A Farm (NYSE:OFRM) reached a new 52-week low during trading on Monday . The stock traded as low as $14.30 and last traded at $14.8550, with a volume of 97011 shares traded. The stock had previously closed at $14.92.

Wall Street Analysts Forecast Growth

OFRM has been the subject of several research analyst reports. Oppenheimer initiated coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a report on Monday, March 30th. Barclays reduced their price objective on Once Upon A Farm from $25.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Bank of America initiated coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Once Upon A Farm Price Performance

The company’s 50 day moving average price is $19.59.

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, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $64.03 million for the quarter, compared to the consensus estimate of $62.65 million.

Insider Activity

In other news, Director Walter E. Iv Robb purchased 5,555 shares of the business’s stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $99,990.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.