Key Points
- Chief Accounting Officer Chris Folena sold 662 OFRM shares at an average price of $16.98, generating $11,240.76. The sale covered tax-withholding obligations, reducing his position by 5.2% to 12,062 shares.
- Once Upon A Farm shares opened at $16.53, with a market capitalization of approximately $694 million and a 52-week range of $14.00 to $27.00.
- The company reported quarterly revenue of $85.39 million and an adjusted loss of $0.12 per share, beating analysts’ expectations. Analysts’ consensus rating is Hold, with an average price target of $25.88.
Once Upon A Farm (NYSE:OFRM - Get Free Report) CAO Chris Folena sold 662 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 12,062 shares of the company's stock, valued at $204,812.76. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value of $13,039.24.
Once Upon A Farm Stock Down 1.8%
Shares of NYSE:OFRM opened at $16.53 on Thursday. The stock has a market cap of $694.09 million and a price-to-earnings ratio of -45.92. The firm's 50 day moving average price is $17.00 and its 200 day moving average price is $17.27. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. On average, equities analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current year.
Institutional Trading of Once Upon A Farm
A number of large investors have recently bought and sold shares of OFRM. BlackRock Inc. increased its stake in Once Upon A Farm by 225.9% in the second quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company's stock valued at $17,596,000 after purchasing an additional 595,571 shares during the period. Nicholas Investment Partners LP boosted its stake in shares of Once Upon A Farm by 271.9% during the second quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company's stock worth $16,060,000 after buying an additional 573,285 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Once Upon A Farm during the second quarter worth about $10,240,000. Jupiter Topco LLC acquired a new position in Once Upon A Farm in the 2nd quarter valued at about $9,468,000. Finally, Deutsche Bank AG raised its stake in Once Upon A Farm by 3.0% during 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 last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on OFRM shares. JPMorgan Chase & Co. boosted their price objective on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Barclays lifted 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 research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Once Upon A Farm from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.88.
Read Our Latest Report on Once Upon A Farm
About Once Upon A Farm
(
Get Free Report)
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.
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