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 company traded as high as $17.33 and last traded at $17.23. Approximately 502,667 shares were traded 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OFRM shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Oppenheimer initiated 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 price objective for the company. Wall Street Zen lowered shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 price target on the stock. Finally, William Blair initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating on the stock. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.13.

Once Upon A Farm Trading Up 6.9%

The stock has a 50-day moving average of $15.47.

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 analysts’ consensus estimates of ($0.21) by ($0.38). The firm had revenue of $72.72 million for the quarter. The company’s revenue 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.