Once Upon A Farm (NYSE:OFRM) Hits New 52-Week Low – Time to Sell?

Shares of Once Upon A Farm (NYSE:OFRMGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $20.10 and last traded at $20.3580, with a volume of 734834 shares changing hands. The stock had previously closed at $20.70.

Key Once Upon A Farm News

Here are the key news stories impacting Once Upon A Farm this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OFRM. TD Cowen began coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price objective on the stock. Oppenheimer assumed coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. Barclays began coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $25.00 target price on the stock. Bank of America initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $26.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.38.

Get Our Latest Stock Analysis on OFRM

Once Upon A Farm Price Performance

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

Insider Buying and Selling at Once Upon A Farm

In related news, Director Walter E. Iv Robb bought 5,555 shares of the stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the acquisition, the director owned 145,970 shares in the company, valued at approximately $2,627,460. This represents a 3.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Once Upon A Farm

(Get Free Report)

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.

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