Once Upon A Farm (NYSE:OFRM) Rating Lowered to “Sell” at Wall Street Zen

Once Upon A Farm (NYSE:OFRM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the company. Oppenheimer initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price target on the stock. TD Cowen initiated coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “hold” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “overweight” rating and a $29.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 price target for the company. Finally, William Blair began coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.38.

Once Upon A Farm Price Performance

Shares of OFRM stock opened at $17.12 on Friday. Once Upon A Farm has a fifty-two week low of $15.76 and a fifty-two week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last released its earnings results on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $64.03 million for the quarter, compared to analyst estimates of $62.65 million.

Insider Buying and Selling

In related news, Director Walter E. Iv Robb purchased 5,555 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average price of $18.00 per share, with a total value of $99,990.00. Following the completion of the acquisition, the director directly owned 145,970 shares in the company, valued at $2,627,460. This represents a 3.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.