Once Upon A Farm (NYSE:OFRM) Shares Down 4.8% – Here’s Why

Once Upon A Farm (NYSE:OFRM) shares were down 4.8% during mid-day trading on Monday . The stock traded as low as $18.06 and last traded at $17.9610. Approximately 476,530 shares traded hands during trading, a decline of 37% from the average daily volume of 753,884 shares. The stock had previously closed at $18.87.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OFRM shares. Barclays started coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $25.00 price target for the company. Bank of America began coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 target price on the stock. Oppenheimer started coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.38.

Once Upon A Farm Price Performance

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

Insiders Place Their Bets

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 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.