Once Upon A Farm (NYSE:OFRM) Shares Up 8.5% – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of research firms have commented on OFRM. Weiss Ratings initiated coverage on Once Upon A Farm in a report on Friday, May 1st. They issued a “sell (e-)” rating for the company. William Blair initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating for the company. Wall Street Zen cut shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. TD Cowen decreased their price objective on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $29.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Once Upon A Farm has a consensus rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Trading Up 6.0%

The firm’s fifty day moving average price is $16.41. The firm has a market capitalization of $892.14 million and a P/E ratio of -88.71.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings data 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. The business’s revenue for the quarter 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.