TD Cowen Has Lowered Expectations for Once Upon A Farm (NYSE:OFRM) Stock Price

Once Upon A Farm (NYSE:OFRM) had its target price dropped by equities research analysts at TD Cowen from $20.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the organic kids food company’s stock. TD Cowen’s price target would suggest a potential upside of 8.70% from the company’s previous close.

A number of other equities analysts have also issued reports on OFRM. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. Barclays boosted their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Wall Street Zen raised Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Freedom Broker began coverage on Once Upon A Farm in a research note on Thursday, October 8th. They issued a “buy” rating and a $24.50 price objective for the company. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Once Upon A Farm has an average rating of “Hold” and a consensus target price of $25.72.

Once Upon A Farm Price Performance

NYSE:OFRM remained flat at $16.56 during trading hours on Tuesday. The company’s stock had a trading volume of 37,505 shares, compared to its average volume of 524,581. Once Upon A Farm has a 52 week low of $14.00 and a 52 week high of $27.00. The firm has a market cap of $695.35 million and a PE ratio of -45.97. The company’s 50 day moving average is $16.91 and its 200 day moving average is $16.79.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. Research analysts predict that Once Upon A Farm will post -0.22 earnings per share for the current year.

Institutional Trading of Once Upon A Farm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFRM. BlackRock Inc. raised its stake in Once Upon A Farm by 225.9% during the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock valued at $17,596,000 after purchasing an additional 595,571 shares during the last quarter. Nicholas Investment Partners LP raised its position in shares of Once Upon A Farm by 271.9% during the second quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after buying an additional 573,285 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Once Upon A Farm in the second quarter valued at about $10,240,000. Jupiter Topco LLC acquired a new stake in Once Upon A Farm during the second quarter worth about $9,468,000. Finally, State Street Corp bought a new stake in shares of Once Upon A Farm in the 2nd quarter worth approximately $3,395,000.

About Once Upon A Farm

Once Upon A Farm, Inc is a food company focused on organic, clean-label nutrition for babies, toddlers, children and families. Its products are made with fruit, vegetables and other recognizable ingredients, with an emphasis on refrigerated and minimally processed foods.

The company’s product portfolio includes refrigerated baby food pouches, toddler meals, applesauce and fruit pouches, smoothies, snacks and other children’s foods. Once Upon A Farm sells its products through grocery stores, mass retailers, natural-food retailers and e-commerce channels in the United States.

Once Upon A Farm was founded in 2015 by Cassandra Curtis and Ari Raz, with John Foraker, a former Annie’s executive, later joining the company as chief executive officer.