Once Upon A Farm (NYSE:OFRM) Receives Average Rating of “Hold” from Analysts

Shares of Once Upon A Farm (NYSE:OFRM) have been given an average recommendation of “Hold” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.8750.

Several brokerages have issued reports on OFRM. Barclays raised their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their target price on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th.

Once Upon A Farm Stock Down 1.0%

OFRM stock opened at $16.17 on Friday. Once Upon A Farm has a twelve month low of $14.00 and a twelve month high of $27.00. The stock has a market capitalization of $679.06 million and a price-to-earnings ratio of -44.92. The firm’s fifty day simple moving average is $16.85 and its two-hundred day simple moving average is $17.02.

Once Upon A Farm (NYSE:OFRM) last released its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. As a group, equities research analysts expect that Once Upon A Farm will post -0.22 EPS for the current year.

Institutional Trading of Once Upon A Farm

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

Once Upon A Farm Company Profile

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids’ smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children’s foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.