Once Upon A Farm (NYSE:OFRM) Stock Price Down 5.8% – Here’s Why

Once Upon A Farm (NYSE:OFRM) shares were down 5.8% on Tuesday . The company traded as low as $16.64 and last traded at $16.96. 103,392 shares were traded during trading, a decline of 82% from the average session volume of 572,116 shares. The stock had previously closed at $18.01.

Analyst Upgrades and Downgrades

OFRM has been the subject of a number of recent research reports. Evercore set a $23.00 price objective on shares of Once Upon A Farm in a report on Friday, May 8th. Barclays boosted their price target on Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on 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 lowered their price objective on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Once Upon A Farm in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.88.

Once Upon A Farm Price Performance

The firm has a market cap of $737.76 million and a price-to-earnings ratio of -48.81. The company’s 50-day moving average price is $18.01.

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

Institutional Trading of Once Upon A Farm

A number of institutional investors have recently made changes to their positions in OFRM. BlackRock Inc. boosted its position in shares of Once Upon A Farm by 225.9% during the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock worth $17,596,000 after acquiring an additional 595,571 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in Once Upon A Farm in the second quarter valued at approximately $1,665,000. Bank of New York Mellon Corp acquired a new position in Once Upon A Farm during the second quarter valued at approximately $781,000. Finally, Deutsche Bank AG raised its position in Once Upon A Farm by 3.0% during the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after purchasing an additional 2,990 shares in the last quarter.

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.