Once Upon A Farm (NYSE:OFRM) Shares Up 5.8% – Time to Buy?

Once Upon A Farm (NYSE:OFRMGet Free Report)’s stock price shot up 5.8% on Tuesday . The company traded as high as $21.00 and last traded at $21.2610. 50,287 shares were traded during trading, a decline of 91% from the average session volume of 582,055 shares. The stock had previously closed at $20.09.

Analyst Ratings Changes

Several research firms have recently commented on OFRM. TD Cowen decreased 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 report on Monday, April 20th. Barclays dropped their price objective on shares of Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Weiss Ratings started coverage on Once Upon A Farm in a research note on Friday, May 1st. They issued a “sell (e-)” rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on 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. Finally, Wall Street Zen cut Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Once Upon A Farm has an average rating of “Hold” and an average price target of $26.12.

View Our Latest Analysis on OFRM

Once Upon A Farm Stock Performance

The company’s 50 day moving average is $17.08. The stock has a market cap of $873.15 million and a P/E ratio of -87.03.

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

About Once Upon A Farm

(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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