Once Upon A Farm (NYSE:OFRM) Receives Average Recommendation of “Hold” from Analysts

Once Upon A Farm (NYSE:OFRM) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.1250.

Several brokerages recently weighed in on OFRM. Wall Street Zen cut Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. initiated coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 target price for the company. Weiss Ratings initiated coverage on Once Upon A Farm in a research report on Friday, May 1st. They issued a “sell (e-)” rating for the company. Barclays decreased their price target on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, William Blair initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued an “outperform” rating for the company.

Once Upon A Farm Stock Up 6.5%

Shares of OFRM stock opened at $17.22 on Thursday. The company’s 50-day moving average price is $15.51. Once Upon A Farm has a fifty-two week low of $14.00 and a fifty-two week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last announced its earnings results 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 company had revenue of $72.72 million during the quarter. The company’s quarterly 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.