Once Upon A Farm (NYSE:OFRM) Shares Down 9.1% – Should You Sell?

Once Upon A Farm (NYSE:OFRM)’s stock price dropped 9.1% on Wednesday . The company traded as low as $20.17 and last traded at $19.6530. Approximately 136,089 shares traded hands during trading, a decline of 77% from the average daily volume of 586,283 shares. The stock had previously closed at $21.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OFRM shares. Wall Street Zen cut shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings started coverage on shares of Once Upon A Farm in a research note on Friday, May 1st. They set a “sell (e-)” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a report on Monday, March 30th. Evercore set a $23.00 price target on Once Upon A Farm in a report on Friday, May 8th. Finally, TD Cowen lowered their price target on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Down 12.3%

The business has a 50 day simple moving average of $17.21. The stock has a market capitalization of $794.17 million and a P/E ratio of -78.83.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The company had revenue of $72.72 million for the quarter. The business’s revenue was up 43.7% compared to the same quarter last year.

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.