Once Upon A Farm (NYSE:OFRM) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Once Upon A Farm (NYSE:OFRM) from a "hold" to a "sell" rating in a note to investors.
• Analyst coverage is mixed—five Buy and five Hold ratings—yielding a MarketBeat consensus of "Moderate Buy" and an average price target of $29.38.
• OFRM's latest quarter (released March 12) reported $0.11 EPS (in line) and $64.03M revenue (above expectations), and Director Walter E. Iv Robb purchased 5,555 shares at $18, increasing his stake by about 3.96%.

Once Upon A Farm (NYSE:OFRM - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

OFRM has been the topic of several other reports. The Goldman Sachs Group started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued a "buy" rating and a $43.00 price objective on the stock. Oppenheimer began coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set an "outperform" rating and a $35.00 target price for the company. Bank of America started coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set a "buy" rating and a $26.00 target price on the stock. TD Cowen started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a "hold" rating and a $26.00 price target on the stock. Finally, Barclays began coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued an "equal weight" rating and a $25.00 price target for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.38.

Once Upon A Farm Price Performance

NYSE OFRM opened at $17.12 on Friday. Once Upon A Farm has a 1 year low of $15.76 and a 1 year high of $27.00.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $64.03 million for the quarter, compared to analysts' expectations of $62.65 million.

Insider Buying and Selling

In related news, Director Walter E. Iv Robb acquired 5,555 shares of the stock in a transaction on Monday, February 9th. The shares were bought at an average price of $18.00 per share, with a total value of $99,990.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

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