Once Upon A Farm (NYSE:OFRM) Stock Price Down 5.5% After Analyst Downgrade

Once Upon A Farm (NYSE:OFRM)’s share price dropped 5.5% during mid-day trading 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 were traded during trading, a decline of 81% from the average daily volume of 681,445 shares. The stock had previously closed at $16.54.

A number of other equities research analysts have also issued reports on the company. Oppenheimer initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. William Blair initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating on the stock. Evercore initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 target price on the stock. Finally, Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Once Upon A Farm has a consensus rating of “Moderate Buy” and a consensus price target of $26.75.

Insiders Place Their Bets

In other Once Upon A Farm news, Director Walter E. Iv Robb purchased 5,555 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $18.00 per share, with a total value of $99,990.00. Following the completion of the transaction, the director owned 145,970 shares of the company’s stock, valued at approximately $2,627,460. This represents a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Once Upon A Farm Price Performance

The stock’s 50-day simple moving average is $19.38.

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