Once Upon A Farm (NYSE:OFRM) Shares Gap Down – Should You Sell?

Once Upon A Farm (NYSE:OFRM) gapped down before the market opened on Friday . The stock had previously closed at $17.43, but opened at $16.62. Once Upon A Farm shares last traded at $16.2390, with a volume of 39,857 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OFRM shares. Barclays lowered their price objective on shares of Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (e-)” rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. TD Cowen cut their price objective on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a report on Monday, April 20th. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Evercore set a $23.00 target price on Once Upon A Farm in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Down 8.5%

The business has a 50-day moving average of $17.80. The firm has a market cap of $668.51 million and a price-to-earnings ratio of -66.48.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million for the quarter. As a group, equities research analysts expect that Once Upon A Farm will post -0.13 EPS for the current year.

Institutional Trading of Once Upon A Farm

A hedge fund recently bought a new stake in Once Upon A Farm stock. Bank of New York Mellon Corp purchased a new position in Once Upon A Farm (NYSE:OFRM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,125 shares of the organic kids food company’s stock, valued at approximately $781,000. Bank of New York Mellon Corp owned approximately 0.09% of Once Upon A Farm as of its most recent SEC filing.

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.