Once Upon A Farm (NYSE:OFRM) CAO Chris Folena Sells 724 Shares

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 724 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $18.01, for a total value of $13,039.24. Following the completion of the sale, the chief accounting officer directly owned 12,724 shares of the company’s stock, valued at approximately $229,159.24. This trade represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Once Upon A Farm Stock Up 5.2%

OFRM stock opened at $17.57 on Thursday. The company has a market capitalization of $737.76 million and a price-to-earnings ratio of -48.81. Once Upon A Farm has a twelve month low of $14.00 and a twelve month high of $27.00. The firm has a 50 day moving average of $18.01.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. On average, research analysts expect that Once Upon A Farm will post -0.29 EPS for the current year.

Institutional Trading of Once Upon A Farm

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in Once Upon A Farm in the second quarter worth about $781,000. Deutsche Bank AG increased its stake in shares of Once Upon A Farm by 3.0% during the 2nd quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock worth $2,109,000 after purchasing an additional 2,990 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Once Upon A Farm by 225.9% in the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock worth $17,596,000 after purchasing an additional 595,571 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Once Upon A Farm in the 2nd quarter worth approximately $1,665,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. TD Cowen dropped 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. Barclays boosted their price target on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Evercore set a $23.00 price objective on shares of Once Upon A Farm in a research note 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.88.

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.