Once Upon A Farm (NYSE:OFRM) CAO Chris Folena Sells 724 Shares of Stock

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 724 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $18.01, for a total value of $13,039.24. Following the completion of the sale, the chief accounting officer owned 12,724 shares in the company, valued at approximately $229,159.24. This represents a 5.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Once Upon A Farm Trading Up 5.2%

NYSE:OFRM traded up $0.87 during midday trading on Wednesday, hitting $17.57. The company’s stock had a trading volume of 595,389 shares, compared to its average volume of 489,331. Once Upon A Farm has a fifty-two week low of $14.00 and a fifty-two week high of $27.00. The company’s 50 day simple moving average is $18.01.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million for the quarter. Equities research analysts predict that Once Upon A Farm will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Once Upon A Farm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Once Upon A Farm by 225.9% in the second quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock valued at $17,596,000 after buying an additional 595,571 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Once Upon A Farm during the 2nd quarter worth about $1,665,000. Bank of New York Mellon Corp acquired a new stake in shares of Once Upon A Farm during the 2nd quarter valued at about $781,000. Finally, Deutsche Bank AG increased its stake in shares of Once Upon A Farm by 3.0% in the 2nd quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after purchasing an additional 2,990 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OFRM shares. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen cut Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. TD Cowen lowered their target price on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $23.00 target price on Once Upon A Farm in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.88.

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.