Once Upon A Farm (NYSE:OFRM) Stock Price Down 9.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Once Upon A Farm Trading Up 8.2%

The company has a 50-day simple moving average of $17.34. The firm has a market capitalization of $784.15 million and a PE ratio of -78.00.

Once Upon A Farm (NYSE:OFRM) last released its earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.38). The company had revenue of $72.72 million during the quarter. Once Upon A Farm’s revenue for the quarter 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.