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Once Upon A Farm (NYSE:OFRM) Reaches New 12-Month Low - Here's What Happened

Once Upon A Farm logo with Consumer Staples background
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Key Points

  • Once Upon A Farm hit a new 52‑week low — shares traded as low as $14.30 and were last around $14.86 on volume of about 97,000, well below its 50‑day moving average of $19.76.
  • Analyst consensus is a "Moderate Buy" with a consensus price target of $28.38; five analysts rate the stock Buy and five rate it Hold, with individual targets ranging roughly from $17 to $35.
  • The company reported Q results that met EPS expectations ($0.11) and beat revenue estimates ($64.03M vs. $62.65M), and Director Walter E. Iv Robb purchased 5,555 shares at $18, increasing his stake by about 3.96%.
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Once Upon A Farm (NYSE:OFRM - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $14.30 and last traded at $14.8550, with a volume of 97011 shares traded. The stock had previously closed at $14.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OFRM shares. Bank of America started coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a "buy" rating and a $26.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Once Upon A Farm from $22.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Oppenheimer started coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued an "outperform" rating and a $35.00 price target for the company. Barclays assumed coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued an "equal weight" rating and a $25.00 price target for the company. Finally, 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 price objective for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.38.

Get Our Latest Analysis on OFRM

Once Upon A Farm Trading Up 1.4%

The firm has a 50 day moving average of $19.76.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $64.03 million for the quarter, compared to the consensus estimate of $62.65 million.

Insider Activity at Once Upon A Farm

In related news, Director Walter E. Iv Robb purchased 5,555 shares of the business's stock in a transaction on Monday, February 9th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the purchase, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

About Once Upon A Farm

(Get Free Report)

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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