Once Upon A Farm (NYSE:OFRM) Stock Price Down 6.2% – Should You Sell?

Once Upon A Farm (NYSE:OFRM) dropped 6.2% during trading on Monday . The stock traded as low as $17.06 and last traded at $17.0450. 104,200 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 580,130 shares. The stock had previously closed at $18.17.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen decreased their price objective on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Barclays decreased their price target 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. Evercore set a $23.00 price objective on Once Upon A Farm in a research note on Friday, May 8th. Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings started coverage on Once Upon A Farm in a research report 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.12.

Once Upon A Farm Stock Up 0.3%

The firm has a fifty day simple moving average of $17.74. The firm has a market cap of $685.56 million and a price-to-earnings ratio of -68.17.

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 business had revenue of $72.72 million for the quarter. The business’s revenue 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.