Once Upon A Farm (NYSE:OFRM) Shares Gap Down – Here’s What Happened

Once Upon A Farm (NYSE:OFRM) shares gapped down before the market opened on Friday . The stock had previously closed at $20.35, but opened at $17.73. Once Upon A Farm shares last traded at $17.5850, with a volume of 777,570 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OFRM shares. TD Cowen initiated 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “hold” rating and a $25.00 price objective for the company. William Blair initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating on the stock. Barclays assumed 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 price target for the company. Finally, Wall Street Zen upgraded Once Upon A Farm to a “hold” rating in a report on Saturday, February 14th. Five 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.38.

Once Upon A Farm Price Performance

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

Insiders Place Their Bets

In related news, Director Walter E. Iv Robb bought 5,555 shares of the stock in a transaction on Monday, February 9th. The stock was bought at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.