Once Upon A Farm (NYSE:OFRM) Trading Down 6.6% – Here’s What Happened

Once Upon A Farm (NYSE:OFRM)’s share price dropped 6.6% during trading on Monday . The stock traded as low as $15.12 and last traded at $15.2590. Approximately 47,655 shares were traded during trading, a decline of 92% from the average daily volume of 626,302 shares. The stock had previously closed at $16.33.

Analysts Set New Price Targets

OFRM has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 price objective for the company. William Blair assumed coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating for the company. Zacks Research raised Once Upon A Farm to a “hold” rating in a research report on Wednesday, February 18th. TD Cowen lowered 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 report on Monday, April 20th. Finally, Weiss Ratings assumed coverage on Once Upon A Farm in a research report on Friday, May 1st. They issued a “sell (e-)” rating for the company. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.13.

Once Upon A Farm Stock Down 6.1%

The firm has a 50-day moving average price of $17.44.

Once Upon A Farm (NYSE:OFRM) 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 firm had revenue of $72.72 million during the quarter. Once Upon A Farm’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.