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

Wall Street Zen cut shares of Once Upon A Farm (NYSE:OFRM) from a hold rating to a sell rating in a research note published on Saturday morning.

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

Once Upon A Farm Trading Down 1.4%

Once Upon A Farm stock opened at $17.12 on Friday. Once Upon A Farm has a 52 week low of $15.76 and a 52 week high of $27.00.

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

Insider Transactions at Once Upon A Farm

In related news, Director Walter E. Iv Robb purchased 5,555 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $18.00 per share, with a total value of $99,990.00. Following the completion of the purchase, the director directly owned 145,970 shares in the company, valued at approximately $2,627,460. This represents a 3.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.