Once Upon A Farm (NYSE:OFRM) Shares Gap Down - What's Next?

Key Points

• Once Upon A Farm shares fell sharply, opening at $16.62 versus the prior close of $17.43 and later trading near $16.24.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating, with an average price target of $26.12, while several firms recently cut their targets to $18.
• The company reported quarterly EPS of -$0.12, beating expectations of -$0.18, alongside $85.39 million in revenue; Bank of New York Mellon also initiated a position worth approximately $781,000.

Once Upon A Farm (NYSE:OFRM - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $17.43, but opened at $16.62. Once Upon A Farm shares last traded at $16.2390, with a volume of 39,857 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OFRM shares. TD Cowen reduced their target price on shares of Once Upon A Farm from $26.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, April 20th. Evercore set a $23.00 price target on shares of Once Upon A Farm in a research report on Friday, May 8th. Barclays dropped their price objective on shares of Once Upon A Farm from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Friday, May 8th. Weiss Ratings restated a "sell (e-)" rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. 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, May 9th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.12.

Once Upon A Farm Stock Performance

The stock has a market cap of $668.51 million and a PE ratio of -66.48. The company's fifty day moving average is $17.80.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. As a group, sell-side analysts predict that Once Upon A Farm will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Once Upon A Farm stock. Bank of New York Mellon Corp acquired a new stake in shares of Once Upon A Farm (NYSE:OFRM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,125 shares of the organic kids food company's stock, valued at approximately $781,000. Bank of New York Mellon Corp owned about 0.09% of Once Upon A Farm at the end of the most recent reporting period.

About Once Upon A Farm

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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