Deutsche Bank Aktiengesellschaft Cuts Once Upon A Farm (NYSE:OFRM) Price Target to $17.00

Once Upon A Farm (NYSE:OFRM) had its target price cut by Deutsche Bank Aktiengesellschaft from $22.00 to $17.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a hold rating on the organic kids food company’s stock.

OFRM has been the subject of several other research reports. Zacks Research upgraded shares of Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Evercore initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. started coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 price target on the stock. Bank of America initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Oppenheimer started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.38.

Once Upon A Farm Trading Down 3.0%

OFRM stock opened at $15.86 on Monday. Once Upon A Farm has a 12 month low of $15.00 and a 12 month high of $27.00.

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

Insiders Place Their Bets

In related news, Director Walter E. Iv Robb purchased 5,555 shares of Once Upon A Farm stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $99,990.00. Following the completion of the transaction, the director owned 145,970 shares in the company, valued at $2,627,460. The trade was a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

About Once Upon A Farm

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.