Once Upon A Farm (NYSE:OFRM) Rating Lowered to “Sell” at Wall Street Zen

Once Upon A Farm (NYSE:OFRM) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms have also recently commented on OFRM. Zacks Research raised Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. Evercore assumed coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target on the stock. The Goldman Sachs Group assumed coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $43.00 price target on the stock. Barclays initiated coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $25.00 price objective for the company. Finally, TD Cowen initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.38.

Once Upon A Farm Stock Down 1.4%

Shares of OFRM opened at $17.12 on Friday. Once Upon A Farm has a 12 month low of $15.76 and a 12 month high of $27.00.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $64.03 million during the quarter, compared to the consensus estimate of $62.65 million.

Insiders Place Their Bets

In other 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 shares were acquired at an average cost of $18.00 per share, with a total value of $99,990.00. Following the purchase, the director owned 145,970 shares in the company, valued at $2,627,460. This represents a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.