Once Upon A Farm (NYSE:OFRM) Reaches New 52-Week Low Following Analyst Downgrade

Once Upon A Farm (NYSE:OFRM)’s share price hit a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $22.00 to $17.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Once Upon A Farm traded as low as $15.00 and last traded at $15.1310, with a volume of 569373 shares changing hands. The stock had previously closed at $15.26.

Several other research firms also recently issued reports on OFRM. TD Cowen started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 price target on the stock. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Bank of America started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $26.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Once Upon A Farm has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Insider Activity at Once Upon A Farm

In other Once Upon A Farm news, Director Walter E. Iv Robb bought 5,555 shares of the company’s stock in a transaction 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 transaction, the director owned 145,970 shares of the company’s stock, valued at approximately $2,627,460. The trade was a 3.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Once Upon A Farm Trading Up 7.8%

Once Upon A Farm (NYSE:OFRM) last released its 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 company had revenue of $64.03 million during the quarter, compared to analyst estimates of $62.65 million.

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.