Once Upon A Farm’s Lock-Up Period Will End on August 5th (NYSE:OFRM)

Once Upon A Farm’s (NYSE:OFRM) lock-up period will expire on Wednesday, August 5th. Once Upon A Farm had issued 10,997,209 shares in its public offering on February 6th. The total size of the offering was $197,949,762 based on an initial share price of $18.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Ratings Changes

Several analysts recently issued reports on OFRM shares. Barclays cut their price target on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Weiss Ratings restated a “sell (e-)” rating on shares of Once Upon A Farm in a research note on Wednesday. Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. TD Cowen cut their target price on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $23.00 price target on shares of Once Upon A Farm in a report on Friday, May 8th. Five research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.12.

Once Upon A Farm Stock Down 4.1%

Shares of NYSE:OFRM opened at $15.15 on Friday. The company has a 50 day moving average price of $17.65. The firm has a market capitalization of $634.98 million and a price-to-earnings ratio of -63.14. Once Upon A Farm has a 52 week low of $14.00 and a 52 week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings data on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.38). The firm had revenue of $72.72 million during the quarter. The company’s revenue for the quarter was up 43.7% on a year-over-year basis.

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.