Once Upon A Farm (NYSE:OFRM) Hits New 52-Week Low - Time to Sell?

Key Points

• 52-week low: Once Upon A Farm shares hit a new 52-week low, trading as low as $15.65 and last at about $16.15, down roughly 5.3% from the prior close on heavy volume.
• Mixed analyst views: The consensus is a Moderate Buy with a $29.38 price target, but individual targets and ratings vary widely (e.g., Evercore $26/hold, Goldman Sachs $43/buy, JPMorgan $29/overweight).
• Quarterly results: The company reported $0.11 EPS (in line with estimates) and revenue of $64.03 million, slightly above the $62.65 million consensus.

Shares of Once Upon A Farm (NYSE:OFRM - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $15.65 and last traded at $16.1490, with a volume of 643429 shares. The stock had previously closed at $17.06.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore assumed coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a "hold" rating and a $26.00 price objective for the company. Zacks Research upgraded Once Upon A Farm to a "hold" rating in a research note on Wednesday, February 18th. Wall Street Zen cut Once Upon A Farm from a "hold" rating to a "sell" rating in a research report on Saturday. The Goldman Sachs Group started coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a "buy" rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an "overweight" rating and a $29.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Once Upon A Farm currently has an average rating of "Moderate Buy" and a consensus price target of $29.38.

Once Upon A Farm Stock Down 5.3%

Once Upon A Farm (NYSE:OFRM - Get Free Report) last announced its quarterly 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 company had revenue of $64.03 million during the quarter, compared to the consensus estimate of $62.65 million.

Insider Activity

In other news, Director Walter E. Iv Robb bought 5,555 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the transaction, the director directly owned 145,970 shares of the company's stock, valued at $2,627,460. This trade represents a 3.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is available 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.

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