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

Once Upon A Farm (NYSE:OFRM) 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 traded hands during mid-day 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 research analyst reports. Barclays reduced their price objective 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. Oppenheimer initiated coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. TD Cowen reduced their price objective on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a report on Monday, April 20th. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “overweight” rating and a $29.00 price objective for the company. Five 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 stock. According to MarketBeat.com, Once Upon A Farm presently has a consensus rating of “Hold” and an average price target of $26.13.

Once Upon A Farm Price Performance

The company’s 50 day moving average price is $17.44.

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The business had revenue of $72.72 million during the quarter. The business’s quarterly revenue was up 43.7% on a year-over-year basis.

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.