BUZZ-Once Upon a Farm sinks below IPO price after maiden report

Reuters03-13 23:53

BUZZ-Once Upon a Farm sinks below IPO price after maiden report

** Children's organic food seller Once Upon a Farm OFRM.N shares down 12.7% to $17.77 and break below IPO price for first time on Fri after maiden report as a public co

** OFRM shares sink as much as 22.6% to $15.76 on the session

** Berkeley, California-based firm, co-founded by actor Jennifer Garner, debuted on Feb 6 after IPO priced at $18

** OFRM after the bell Thurs reported Q4 sales increased 30% y/y to $64 mln and adj EBITDA of $6.6 mln, near top ends of guidance it provided in the offering prospectus

** For 2026, co projects sales of $302-$310 mln, 25%-29% growth, and adj EBITDA of $2-$4 mln

** JP Morgan stuck with its 'overweight' rating, saying in note late Thurs while Q4 gross margin (47.7%) came in just below guidance, it thinks the downward pressure on the stock post-market was more likely reflective of eroding sentiment for packaged food space, pointing to Campbell's CPB.O, which reduced its annual forecasts on Weds

** TD Cowen said OFRM's execution on track entering the year, adding expected 2026 sales growth assumes baby cooler program reaches 5,000 units, up from 3,400, and incremental sales from expanding into protein pouches in April. TD Cowen rates the stock 'hold'

** Deutsche Bank, which also has a neutral stance, cut its PT by $3 to $22 reacting to the report

** Of 9 brokerages covering OFRM, 3 rate "strong buy", 2 rate "buy", 4 have "hold"; median PT $26, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2619519119?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-13 23:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2619519119","market":"fut","top_or_hot":-1,"title":"BUZZ-Once Upon a Farm sinks below IPO price after maiden report","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Once Upon a Farm sinks below IPO price after maiden report</title></head><body><p>** Children's organic food seller Once Upon a Farm <span>OFRM.N</span> shares down 12.7% to $17.77 and break below IPO price for first time on Fri after maiden report as a public co</p><p>** OFRM shares sink as much as 22.6% to $15.76 on the session</p><p>** Berkeley, California-based firm, co-founded by actor Jennifer Garner, debuted on Feb 6 after <span>IPO</span> priced at $18 </p><p>** OFRM after the bell Thurs reported Q4 sales increased 30% y/y to $64 mln and adj EBITDA of $6.6 mln, near top ends of guidance it provided in the offering prospectus</p><p>** For 2026, co projects sales of $302-$310 mln, 25%-29% growth, and adj EBITDA of $2-$4 mln</p><p>** JP Morgan stuck with its 'overweight' rating, saying in note late Thurs while Q4 gross margin (47.7%) came in just below guidance, it thinks the downward pressure on the stock post-market was more likely reflective of eroding sentiment for packaged food space, pointing to Campbell's <span>CPB.O</span>, which <span>reduced</span> its annual forecasts on Weds</p><p>** TD Cowen said OFRM's execution on track entering the year, adding expected 2026 sales growth assumes baby cooler program reaches 5,000 units, up from 3,400, and incremental sales from expanding into protein pouches in April. TD Cowen rates the stock 'hold'</p><p>** Deutsche Bank, which also has a neutral stance, cut its PT by $3 to $22 reacting to the report</p><p>** Of 9 brokerages covering OFRM, 3 rate \"strong buy\", 2 rate \"buy\", 4 have \"hold\"; median PT $26, per LSEG</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Once Upon a Farm sinks below IPO price after maiden report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Once Upon a Farm sinks below IPO price after maiden report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-13 23:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Once Upon a Farm sinks below IPO price after maiden report</title></head><body><p>** Children's organic food seller Once Upon a Farm <span>OFRM.N</span> shares down 12.7% to $17.77 and break below IPO price for first time on Fri after maiden report as a public co</p><p>** OFRM shares sink as much as 22.6% to $15.76 on the session</p><p>** Berkeley, California-based firm, co-founded by actor Jennifer Garner, debuted on Feb 6 after <span>IPO</span> priced at $18 </p><p>** OFRM after the bell Thurs reported Q4 sales increased 30% y/y to $64 mln and adj EBITDA of $6.6 mln, near top ends of guidance it provided in the offering prospectus</p><p>** For 2026, co projects sales of $302-$310 mln, 25%-29% growth, and adj EBITDA of $2-$4 mln</p><p>** JP Morgan stuck with its 'overweight' rating, saying in note late Thurs while Q4 gross margin (47.7%) came in just below guidance, it thinks the downward pressure on the stock post-market was more likely reflective of eroding sentiment for packaged food space, pointing to Campbell's <span>CPB.O</span>, which <span>reduced</span> its annual forecasts on Weds</p><p>** TD Cowen said OFRM's execution on track entering the year, adding expected 2026 sales growth assumes baby cooler program reaches 5,000 units, up from 3,400, and incremental sales from expanding into protein pouches in April. TD Cowen rates the stock 'hold'</p><p>** Deutsche Bank, which also has a neutral stance, cut its PT by $3 to $22 reacting to the report</p><p>** Of 9 brokerages covering OFRM, 3 rate \"strong buy\", 2 rate \"buy\", 4 have \"hold\"; median PT $26, per LSEG</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260313:nL6N40112A:1","article_id":"2619519119","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619519119","pubTimestamp":1773417184,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Once Upon a Farm sinks below IPO price after maiden report** Children's organic food seller Once Upon a Farm OFRM.N shares down 12.7% to $17.77 and break below IPO price for first time on Fri aft","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","CPB":"金宝汤","OFRM":"Once Upon a Farm, PBC","BK4212":"包装食品与肉类","BK4585":"ETF&股票定投概念"},"translate_title":"BUZZ-从前农场在首次报告后跌破IPO价格","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPB":0.9,"OFRM":0.9},"content_text":"BUZZ-Once Upon a Farm sinks below IPO price after maiden report** Children's organic food seller Once Upon a Farm OFRM.N shares down 12.7% to $17.77 and break below IPO price for first time on Fri after maiden report as a public co** OFRM shares sink as much as 22.6% to $15.76 on the session** Berkeley, California-based firm, co-founded by actor Jennifer Garner, debuted on Feb 6 after IPO priced at $18 ** OFRM after the bell Thurs reported Q4 sales increased 30% y/y to $64 mln and adj EBITDA of $6.6 mln, near top ends of guidance it provided in the offering prospectus** For 2026, co projects sales of $302-$310 mln, 25%-29% growth, and adj EBITDA of $2-$4 mln** JP Morgan stuck with its 'overweight' rating, saying in note late Thurs while Q4 gross margin (47.7%) came in just below guidance, it thinks the downward pressure on the stock post-market was more likely reflective of eroding sentiment for packaged food space, pointing to Campbell's CPB.O, which reduced its annual forecasts on Weds** TD Cowen said OFRM's execution on track entering the year, adding expected 2026 sales growth assumes baby cooler program reaches 5,000 units, up from 3,400, and incremental sales from expanding into protein pouches in April. TD Cowen rates the stock 'hold'** Deutsche Bank, which also has a neutral stance, cut its PT by $3 to $22 reacting to the report** Of 9 brokerages covering OFRM, 3 rate \"strong buy\", 2 rate \"buy\", 4 have \"hold\"; median PT $26, per LSEG(Lance Tupper is a Reuters market analyst. The views expressed are his own)((lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2619519119","isCrawlerRequest":true}