Once Upon A Farm (NYSE:OFRM) Trading Up 6.6% – Here’s Why

Once Upon A Farm (NYSE:OFRM)’s stock price was up 6.6% during trading on Wednesday . The stock traded as high as $17.33 and last traded at $17.23. Approximately 502,667 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 562,789 shares. The stock had previously closed at $16.16.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OFRM shares. Evercore set a $23.00 price target on shares of Once Upon A Farm in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Oppenheimer began coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 target price on the stock. Weiss Ratings began coverage on shares of Once Upon A Farm in a research note on Friday, May 1st. They issued a “sell (e-)” rating on the stock. Finally, TD Cowen decreased their target price on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.13.

Once Upon A Farm Stock Performance

The business’s fifty day moving average is $15.47.

Once Upon A Farm (NYSE:OFRM) last posted its earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.38). The company had revenue of $72.72 million for the quarter. Once Upon A Farm’s revenue for the quarter was up 43.7% on a year-over-year basis.

Once Upon A Farm Company Profile

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.