Once Upon A Farm (NYSE:OFRM) Shares Down 5.1% – Here’s What Happened

Once Upon A Farm (NYSE:OFRM) fell 5.1% during trading on Wednesday. The stock traded as low as $16.35 and last traded at $16.33. Approximately 140,629 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 517,158 shares. The stock had previously closed at $17.20.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th. Freedom Broker assumed coverage on shares of Once Upon A Farm in a research report on Thursday, October 8th. They set a “buy” rating and a $24.50 target price on the stock. JPMorgan Chase & Co. increased their target price on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Barclays raised their price objective 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, August 10th. Finally, TD Cowen cut their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Once Upon A Farm presently has an average rating of “Hold” and a consensus target price of $25.72.

Once Upon A Farm Stock Performance

The stock has a fifty day simple moving average of $16.87 and a 200-day simple moving average of $16.84. The stock has a market cap of $674.36 million and a P/E ratio of -44.60.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. On average, research analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Once Upon A Farm

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Once Upon A Farm during the 3rd quarter worth approximately $39,000. State Street Corp bought a new position in Once Upon A Farm during the 2nd quarter worth approximately $3,395,000. Alyeska Investment Group L.P. acquired a new stake in shares of Once Upon A Farm during the second quarter worth $10,240,000. Public Employees Retirement System of Ohio increased its position in shares of Once Upon A Farm by 18.6% during the second 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 buying an additional 13,611 shares during the period. Finally, Jupiter Topco LLC acquired a new position in Once Upon A Farm in the second quarter valued at $9,468,000.

Once Upon A Farm Company Profile

Once Upon A Farm, Inc is a food company focused on organic, clean-label nutrition for babies, toddlers, children and families. Its products are made with fruit, vegetables and other recognizable ingredients, with an emphasis on refrigerated and minimally processed foods.

The company’s product portfolio includes refrigerated baby food pouches, toddler meals, applesauce and fruit pouches, smoothies, snacks and other children’s foods. Once Upon A Farm sells its products through grocery stores, mass retailers, natural-food retailers and e-commerce channels in the United States.

Once Upon A Farm was founded in 2015 by Cassandra Curtis and Ari Raz, with John Foraker, a former Annie’s executive, later joining the company as chief executive officer.