Once Upon A Farm (NYSE:OFRM) Stock Price Down 5.8% - Time to Sell?

Key Points

• Once Upon A Farm shares fell 5.8% to $16.96 in mid-day trading, with volume down 82% from the average. The company has a $724 million market capitalization and trades at a negative P/E ratio.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus, with five Buy, five Hold and one Sell rating. The average price target is $25.88, though several analysts recently lowered or maintained targets between $18 and $23.
• Once Upon A Farm reported quarterly EPS of -$0.12, beating expectations of -$0.18, on revenue of $85.39 million. Institutional ownership increased, notably with BlackRock expanding its position by 225.9% during the second quarter.

Once Upon A Farm (NYSE:OFRM - Get Free Report)'s share price traded down 5.8% during mid-day trading on Tuesday . The stock traded as low as $16.64 and last traded at $16.96. 103,392 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 572,116 shares. The stock had previously closed at $18.01.

Analysts Set New Price Targets

OFRM has been the topic of several research analyst reports. Wall Street Zen cut shares of Once Upon A Farm from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Evercore set a $23.00 price target on Once Upon A Farm in a research report on Friday, May 8th. TD Cowen decreased their price objective on Once Upon A Farm from $26.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, April 20th. Weiss Ratings reissued a "sell (e-)" rating on shares of Once Upon A Farm in a research report on Wednesday, July 29th. Finally, Barclays boosted their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.88.

Once Upon A Farm Price Performance

The firm has a market cap of $724.12 million and a P/E ratio of -71.54. The firm has a fifty day moving average of $17.91.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last issued its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. Research analysts predict that Once Upon A Farm will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Once Upon A Farm during the 2nd quarter valued at about $781,000. Deutsche Bank AG lifted its holdings in shares of Once Upon A Farm by 3.0% in the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company's stock valued at $2,109,000 after purchasing an additional 2,990 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Once Upon A Farm by 225.9% during the second quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company's stock worth $17,596,000 after buying an additional 595,571 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $1,665,000.

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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