Once Upon A Farm (NYSE:OFRM) Shares Down 5.5% on Analyst Downgrade

Once Upon A Farm (NYSE:OFRM) dropped 5.5% on Monday after TD Cowen lowered their price target on the stock from $26.00 to $18.00. TD Cowen currently has a hold rating on the stock. Once Upon A Farm traded as low as $15.64 and last traded at $15.6250. Approximately 130,201 shares traded hands during trading, a decline of 81% from the average daily volume of 681,445 shares. The stock had previously closed at $16.54.

OFRM has been the topic of several other research reports. Zacks Research raised Once Upon A Farm to a “hold” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “buy” rating and a $43.00 target price on the stock. Barclays cut their target price on Once Upon A Farm from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, JPMorgan Chase & Co. initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.75.

Insider Buying and Selling

In other news, Director Walter E. Iv Robb bought 5,555 shares of the 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 acquisition, the director owned 145,970 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link.

Once Upon A Farm Stock Down 7.4%

The company has a fifty day simple moving average of $19.26.

Once Upon A Farm (NYSE:OFRM) last issued its earnings results on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $64.03 million during the quarter, compared to analysts’ expectations of $62.65 million.

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.