Once Upon A Farm (NYSE:OFRM) Reaches New 52-Week Low – Here’s What Happened

Once Upon A Farm (NYSE:OFRM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $14.86 and last traded at $15.1750, with a volume of 699745 shares traded. The stock had previously closed at $15.33.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. William Blair assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “outperform” rating on the stock. TD Cowen assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target on the stock. Evercore assumed coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Zacks Research raised Once Upon A Farm to a “hold” rating in a research report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Once Upon A Farm Price Performance

The stock has a 50-day moving average price of $20.03.

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

Insider Activity at Once Upon A Farm

In other Once Upon A Farm news, Director Walter E. Iv Robb purchased 5,555 shares of Once Upon A Farm stock in a transaction dated Monday, February 9th. The stock was purchased at an average price of $18.00 per share, with a total value of $99,990.00. Following the transaction, the director directly owned 145,970 shares of the company’s stock, valued at $2,627,460. This trade represents a 3.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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.