Once Upon A Farm (NYSE:OFRM) CAO Chris Folena Sells 662 Shares of Stock

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 662 shares of Once Upon A Farm stock in a transaction on Monday, September 14th. The shares were sold at an average price of $16.98, for a total transaction of $11,240.76. Following the completion of the sale, the chief accounting officer owned 12,062 shares in the company, valued at $204,812.76. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chris Folena also recently made the following trade(s):

• On Monday, August 10th, Chris Folena sold 724 shares of Once Upon A Farm stock. The stock was sold at an average price of $18.01, for a total transaction of $13,039.24.

Once Upon A Farm Trading Down 1.8%

Shares of Once Upon A Farm stock traded down $0.30 during trading hours on Wednesday, reaching $16.53. 431,838 shares of the company’s stock were exchanged, compared to its average volume of 540,688. The stock has a market cap of $694.09 million and a P/E ratio of -45.92. The company has a 50 day moving average of $17.04 and a two-hundred day moving average of $17.31. Once Upon A Farm has a fifty-two week low of $14.00 and a fifty-two week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last released its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million during the quarter. As a group, analysts expect that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Once Upon A Farm

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $781,000. Lisanti Capital Growth LLC acquired a new position in shares of Once Upon A Farm during the 2nd quarter worth approximately $1,665,000. Public Employees Retirement System of Ohio increased its holdings in shares of Once Upon A Farm by 18.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock worth $1,781,000 after acquiring an additional 13,611 shares during the last quarter. Deutsche Bank AG raised its stake in Once Upon A Farm by 3.0% in the 2nd 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 during the period. Finally, Jupiter Topco LLC bought a new stake in Once Upon A Farm in the 2nd quarter valued at $9,468,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Barclays boosted their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.88.

About Once Upon A Farm

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids’ smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children’s foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.