Once Upon A Farm (NYSE:OFRM) Reaches New 12-Month Low on Analyst Downgrade

Key Points

• Once Upon A Farm hit a new 52-week low after Deutsche Bank cut its price target from $22 to $17 and kept a hold rating; the stock traded as low as $15 and last changed hands around $15.13 on heavy volume.
• Analyst coverage is mixed — several firms initiated coverage on March 3 with ratings from buy to outperform to hold, but MarketBeat's consensus remains a Moderate Buy with a $28.38 average target price.
• Insider activity and recent results show some support: director Walter E. Iv Robb bought 5,555 shares at about $18, and the company reported quarterly EPS of $0.11 (in line) with revenue of $64.03M, slightly above estimates.

Once Upon A Farm (NYSE:OFRM - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $22.00 to $17.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Once Upon A Farm traded as low as $15.00 and last traded at $15.1310, with a volume of 569373 shares. The stock had previously closed at $15.26.

OFRM has been the topic of a number of other reports. William Blair started coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set an "outperform" rating on the stock. TD Cowen assumed coverage on shares of 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. Bank of America began coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a "buy" rating and a $26.00 price objective on the stock. Evercore assumed coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a "hold" rating and a $26.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Once Upon A Farm from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.38.

Insider Transactions at Once Upon A Farm

In other Once Upon A Farm news, Director Walter E. Iv Robb purchased 5,555 shares of the business's stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $18.00 per share, with a total value of $99,990.00. Following the acquisition, 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 document filed with the SEC, which is accessible through this link.

Once Upon A Farm Stock Down 0.8%

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 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $64.03 million during the quarter, compared to analyst estimates of $62.65 million.

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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