Once Upon A Farm (NYSE:OFRM) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus: Ten analysts rate Once Upon A Farm (NYSE:OFRM) a "Moderate Buy" (5 buys, 5 holds) with an average 1-year price target of $29.38 versus the recent share price of about $15.24, implying significant upside.
• Recent results: The company reported quarterly EPS of $0.11 (in line with estimates) and revenue of $64.03 million, slightly beating the $62.65 million consensus.
• Insider purchase: Director Walter E. Iv Robb bought 5,555 shares at $18 on Feb 9, raising his stake to 145,970 shares (a ~3.96% increase), signaling insider confidence.

Once Upon A Farm (NYSE:OFRM - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.3750.

Several brokerages have recently issued reports on OFRM. Bank of America assumed coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued a "buy" rating and a $26.00 target price on the stock. Barclays started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set an "equal weight" rating and a $25.00 price target for the company. Wall Street Zen cut Once Upon A Farm from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. William Blair assumed coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an "outperform" rating for the company. Finally, 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 for the company.

Once Upon A Farm Stock Performance

OFRM stock opened at $15.24 on Friday. Once Upon A Farm has a one year low of $15.22 and a one year high of $27.00.

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 (EPS) 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 related 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 stock was bought at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the completion of the transaction, the director owned 145,970 shares in the company, valued at approximately $2,627,460. The trade was a 3.96% increase in their position. The purchase was disclosed in a filing with the SEC, 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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