Once Upon A Farm (NYSE:OFRM) Shares Up 5.8% – What’s Next?

by · The Markets Daily

Shares of Once Upon A Farm (NYSE:OFRM – Get Free Report) traded up 5.8% on Tuesday . The stock traded as high as $21.00 and last traded at $21.2610. Approximately 50,287 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 582,055 shares. The stock had previously closed at $20.09.

Analysts Set New Price Targets

Several equities analysts have commented on OFRM shares. Barclays lowered their target price 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. Wall Street Zen cut shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft lowered 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 research note on Monday, March 30th. Weiss Ratings assumed coverage on Once Upon A Farm in a report on Friday, May 1st. They set a “sell (e-)” rating on the stock. Finally, Evercore set a $23.00 price target on Once Upon A Farm 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.12.

Read Our Latest Report on Once Upon A Farm

Once Upon A Farm Stock Up 3.7%

The firm has a market capitalization of $873.15 million and a price-to-earnings ratio of -87.03. The business’s 50 day moving average is $17.08.

Once Upon A Farm (NYSE:OFRM – Get Free Report) last posted its quarterly 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 business had revenue of $72.72 million during the quarter. Once Upon A Farm’s quarterly revenue was up 43.7% compared to the same quarter last year.

Once Upon A Farm Company Profile

(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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