Once Upon A Farm (NYSE:OFRM) Trading Up 8.5% – Should You Buy?

Once Upon A Farm (NYSE:OFRM)’s stock price traded up 8.5% during mid-day trading on Friday . The stock traded as high as $21.75 and last traded at $21.79. Approximately 374,230 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 563,622 shares. The stock had previously closed at $20.08.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Oppenheimer started 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 for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Bank of America assumed coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “buy” rating and a $26.00 target price for the company. Evercore set a $23.00 target price on Once Upon A Farm in a research report on Friday, May 8th. Finally, TD Cowen cut their price target on 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 investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.12.

Once Upon A Farm Stock Up 8.7%

The company has a market capitalization of $914.64 million and a PE ratio of -90.67. The business’s fifty day simple moving average is $16.30.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data 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 business had revenue of $72.72 million for the quarter. The company’s revenue for the quarter was up 43.7% compared to the same quarter last year.

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.