Key Points
- Once Upon A Farm CAO Chris Folena sold 724 shares at an average price of $18.01, totaling $13,039.24. The sale covered tax-withholding obligations tied to vested equity awards and reduced Folena’s direct holdings by 5.38% to 12,724 shares.
- OFRM opened at $17.57, with a market capitalization of approximately $737.8 million and a 52-week range of $14.00 to $27.00. The company recently beat quarterly EPS expectations, reporting a loss of $0.12 per share versus the projected $0.18 loss, on $85.39 million in revenue.
- Analyst sentiment remains mixed, with five Buy, five Hold and one Sell rating, producing a consensus “Hold” rating and a $25.88 target price. Institutional interest increased, including a 225.9% boost in BlackRock’s holdings during the second quarter.
Once Upon A Farm (NYSE:OFRM - Get Free Report) CAO Chris Folena sold 724 shares of Once Upon A Farm stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $18.01, for a total value of $13,039.24. Following the completion of the sale, the chief accounting officer directly owned 12,724 shares of the company's stock, valued at approximately $229,159.24. This trade represents a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Once Upon A Farm Stock Performance
NYSE OFRM opened at $17.57 on Thursday. The stock has a market capitalization of $737.76 million and a P/E ratio of -48.81. The firm's 50-day simple moving average is $18.01. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. As a group, equities research analysts expect that Once Upon A Farm will post -0.29 EPS for the current fiscal year.
Institutional Trading of Once Upon A Farm
Several institutional investors and hedge funds have recently made changes to their positions in OFRM. BlackRock Inc. lifted its holdings in shares of Once Upon A Farm by 225.9% during the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company's stock worth $17,596,000 after acquiring an additional 595,571 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in Once Upon A Farm during the second quarter valued at about $1,665,000. Bank of New York Mellon Corp purchased a new stake in Once Upon A Farm during the second quarter valued at about $781,000. Finally, Deutsche Bank AG lifted 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 worth $2,109,000 after purchasing an additional 2,990 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research firms have issued reports on OFRM. Evercore set a $23.00 target price on Once Upon A Farm in a research report on Friday, May 8th. Barclays boosted their price objective on Once Upon A Farm from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday. Weiss Ratings reissued a "sell (e-)" rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, TD Cowen decreased their price target on Once Upon A Farm from $26.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Once Upon A Farm presently has a consensus rating of "Hold" and a consensus target price of $25.88.
Check Out Our Latest Stock Report on OFRM
Once Upon A Farm Company Profile
(
Get Free Report)
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.
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