Once Upon A Farm (NYSE:OFRM) Stock Price Down 6.2% – Time to Sell?

Once Upon A Farm (NYSE:OFRM)’s stock price was down 6.2% during mid-day trading on Monday . The company traded as low as $17.06 and last traded at $17.0450. Approximately 104,200 shares changed hands during trading, a decline of 82% from the average daily volume of 580,130 shares. The stock had previously closed at $18.17.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings initiated coverage on Once Upon A Farm in a research note on Friday, May 1st. They issued a “sell (e-)” rating for the company. TD Cowen cut their target price 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. Barclays reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Performance

The company has a market capitalization of $683.67 million and a price-to-earnings ratio of -68.00. The firm’s fifty day moving average is $17.71.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly 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 revenue for the quarter was up 43.7% compared to the same quarter last year.

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.