Once Upon A Farm (NYSE:OFRM) CAO Chris Folena Sells 662 Shares of Stock

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 662 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $16.98, for a total transaction of $11,240.76. Following the sale, the chief accounting officer directly owned 12,062 shares of the company’s stock, valued at approximately $204,812.76. This represents a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chris Folena also recently made the following trade(s):

• On Monday, August 10th, Chris Folena sold 724 shares of Once Upon A Farm stock. The stock was sold at an average price of $18.01, for a total transaction of $13,039.24.

Once Upon A Farm Price Performance

OFRM stock opened at $16.53 on Thursday. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The firm has a market capitalization of $694.09 million and a PE ratio of -45.92. The business has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $17.27.

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. On average, equities research analysts expect that Once Upon A Farm will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price objective on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Once Upon A Farm has a consensus rating of “Hold” and an average price target of $25.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OFRM. Alyeska Investment Group L.P. acquired a new stake in shares of Once Upon A Farm in the second quarter valued at $10,240,000. Public Employees Retirement System of Ohio lifted its stake in Once Upon A Farm by 18.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock worth $1,781,000 after acquiring an additional 13,611 shares in the last quarter. Jupiter Topco LLC purchased a new position in Once Upon A Farm during the 2nd quarter valued at about $9,468,000. Nicholas Investment Partners LP grew its position in Once Upon A Farm by 271.9% in the 2nd quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after acquiring an additional 573,285 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in Once Upon A Farm in the 2nd quarter valued at about $1,665,000.

About Once Upon A Farm

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids’ smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children’s foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.