Once Upon A Farm (NYSE:OFRM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Once Upon A Farm (OFRM) from a "sell" to a "hold" rating in its latest report.
• Analyst coverage is mixed but the consensus is a Moderate Buy with an average target of $26.75, ranging from TD Cowen's $18 to Goldman Sachs' $43 across various buy/hold initiations.
• OFRM reported quarterly EPS of $0.11 (in line) and revenue of $64.03M (above estimates); the stock trades near $14.91 (50‑day avg $18.72, 12‑month range $14.30–$27.00) and Director Walter Robb purchased 5,555 shares at $18, increasing his stake.

Once Upon A Farm (NYSE:OFRM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

OFRM has been the topic of several other research reports. TD Cowen lowered their price target 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. The Goldman Sachs Group began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a "buy" rating and a $43.00 price target on the stock. Bank of America began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a "buy" rating and a $26.00 price target on the stock. Oppenheimer began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an "outperform" rating and a $35.00 price target on the stock. Finally, Barclays decreased their target price on shares of Once Upon A Farm from $25.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Once Upon A Farm has a consensus rating of "Moderate Buy" and an average target price of $26.75.

Once Upon A Farm Stock Performance

Shares of OFRM stock opened at $14.91 on Friday. The firm's 50-day moving average price is $18.72. Once Upon A Farm has a twelve month low of $14.30 and a twelve month 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 for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $64.03 million for the quarter, compared to analyst estimates of $62.65 million.

Insider Activity

In other Once Upon A Farm news, Director Walter E. Iv Robb purchased 5,555 shares of Once Upon A Farm stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of $18.00 per share, with a total value of $99,990.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.