Once Upon A Farm (NYSE:OFRM) Trading 6.6% Higher – Should You Buy?

Once Upon A Farm (NYSE:OFRM) shares were up 6.6% during mid-day 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.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OFRM shares. Barclays lowered 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 report on Friday, May 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings started coverage on Once Upon A Farm in a report on Friday, May 1st. They issued a “sell (e-)” rating for the company. Oppenheimer started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price target for the company. Finally, William Blair started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.13.

Once Upon A Farm Stock Up 4.2%

The stock has a market capitalization of $814.37 million and a price-to-earnings ratio of -80.76. The firm’s fifty day moving average is $15.55.

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) 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. The company’s revenue was up 43.7% on a year-over-year basis.

Once Upon A Farm Company Profile

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.