Once Upon A Farm (NYSE:OFRM) Trading Down 3.7% – Here’s What Happened

Once Upon A Farm (NYSE:OFRM) dropped 3.7% during trading on Tuesday . The stock traded as low as $17.25 and last traded at $17.1090. 30,215 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 557,975 shares. The stock had previously closed at $17.76.

Analyst Upgrades and Downgrades

OFRM has been the subject of a number of recent analyst reports. Evercore set a $23.00 price target on shares of Once Upon A Farm in a report on Friday, May 8th. Barclays upped their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.88.

Once Upon A Farm Trading Down 4.6%

The company’s 50 day moving average is $18.10. The firm has a market capitalization of $711.56 million and a price-to-earnings ratio of -47.32.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million during the quarter. On average, analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.

Institutional Trading of Once Upon A Farm

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new stake in Once Upon A Farm during the 2nd quarter valued at about $75,000. Bank of New York Mellon Corp bought a new position in shares of Once Upon A Farm in the second quarter worth approximately $781,000. Lisanti Capital Growth LLC purchased a new stake in shares of Once Upon A Farm during the second quarter valued at approximately $1,665,000. Public Employees Retirement System of Ohio increased its position in shares of Once Upon A Farm by 18.6% during the second quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock valued at $1,781,000 after acquiring an additional 13,611 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Once Upon A Farm by 3.0% during the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after acquiring an additional 2,990 shares in the last quarter.

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.