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

Shares of Once Upon A Farm (NYSE:OFRM) traded up 5.8% on Tuesday . The company traded as high as $21.00 and last traded at $21.2610. 50,287 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 582,055 shares. The stock had previously closed at $20.09.

Analyst Upgrades and Downgrades

OFRM has been the topic of a number of research reports. Barclays reduced their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. TD Cowen dropped their price target on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Evercore set a $23.00 target price on Once Upon A Farm in a report on Friday, May 8th. Finally, Weiss Ratings initiated coverage on Once Upon A Farm in a research note on Friday, May 1st. They set a “sell (e-)” rating for the company. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Once Upon A Farm has a consensus rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Performance

The business has a 50 day moving average of $17.29. The stock has a market cap of $765.00 million and a P/E ratio of -76.07.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, May 7th. The organic kids food company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The business had revenue of $72.72 million for the quarter. Once Upon A Farm’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.