Once Upon A Farm (NYSE:OFRM) Price Target Cut to $18.00 by Analysts at TD Cowen

Once Upon A Farm (NYSE:OFRM) had its target price decreased by TD Cowen from $26.00 to $18.00 in a report released on Monday morning, Marketbeat.com reports. TD Cowen currently has a hold rating on the organic kids food company’s stock.

A number of other equities research analysts have also commented on OFRM. Evercore started coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 price objective for the company. Bank of America began coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $26.00 price target for the company. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.75.

Once Upon A Farm Price Performance

Shares of NYSE OFRM opened at $15.32 on Monday. Once Upon A Farm has a one year low of $14.30 and a one year high of $27.00. The business’s 50-day simple moving average is $19.26.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business 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 purchased 5,555 shares of Once Upon A Farm stock in a transaction dated 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 acquisition, the director directly owned 145,970 shares in the company, valued at $2,627,460. This represents a 3.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.