Once Upon A Farm (NYSE:OFRM) Trading 8.5% Higher – Here’s What Happened

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

Analyst Ratings Changes

A number of research firms have weighed in on OFRM. Deutsche Bank Aktiengesellschaft cut their price target 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. Bank of America began coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 target price on the stock. TD Cowen dropped their price target on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Evercore set a $23.00 price objective on Once Upon A Farm in a report on Friday, May 8th. Finally, Oppenheimer started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 target price for the company. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Once Upon A Farm presently has an average rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Performance

The company’s fifty day simple moving average is $16.30. The firm has a market cap of $914.64 million and a price-to-earnings ratio of -90.67.

Once Upon A Farm (NYSE:OFRM) last announced 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 company had revenue of $72.72 million during the quarter. Once Upon A Farm’s revenue for the quarter was up 43.7% on a year-over-year basis.

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.