Once Upon A Farm (NYSE:OFRM) Hits New 12-Month Low After Earnings Miss

Once Upon A Farm (NYSE:OFRM) shares reached a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $14.00 and last traded at $15.4430, with a volume of 165639 shares. The stock had previously closed at $15.30.

The organic kids food company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The business had revenue of $72.72 million during the quarter. Once Upon A Farm’s revenue was up 43.7% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OFRM. Bank of America began coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “buy” rating and a $26.00 target price for the company. Weiss Ratings began coverage on Once Upon A Farm in a research note on Friday, May 1st. They set a “sell (e-)” rating for the company. TD Cowen reduced their target price on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.50.

Insider Activity

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 transaction, the director owned 145,970 shares in the company, valued at approximately $2,627,460. The trade was a 3.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Once Upon A Farm Stock Down 0.3%

The company’s 50-day moving average is $17.44.

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.