Once Upon A Farm (NYSE:OFRM) Shares Down 5.8% – Here’s What Happened

Shares of Once Upon A Farm (NYSE:OFRM) were down 5.8% during trading on Tuesday . The company traded as low as $16.64 and last traded at $16.96. Approximately 103,392 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 572,116 shares. The stock had previously closed at $18.01.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OFRM. Barclays upped their price target 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. Weiss Ratings reiterated a “sell (e-)” rating on shares of Once Upon A Farm in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Evercore set a $23.00 price target on shares of Once Upon A Farm in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.88.

Once Upon A Farm Stock Down 4.2%

The company has a 50 day simple moving average of $17.91. The firm has a market cap of $724.12 million and a P/E ratio of -71.54.

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 firm had revenue of $85.39 million for the quarter. As a group, equities research analysts anticipate that Once Upon A Farm will post -0.13 earnings per share for the current year.

Institutional Trading of Once Upon A Farm

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Once Upon A Farm by 225.9% in the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock worth $17,596,000 after buying an additional 595,571 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of Once Upon A Farm in the 2nd quarter valued at approximately $1,665,000. Bank of New York Mellon Corp purchased a new stake in shares of Once Upon A Farm in the 2nd quarter worth about $781,000. Finally, Deutsche Bank AG raised its stake in 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 buying an additional 2,990 shares during the last quarter.

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.