Once Upon A Farm (NYSE:OFRM) Stock Has Average Target Price of $23.39

Shares of Once Upon A Farm (NYSE:OFRM) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.39.

OFRM has been the subject of several research analyst reports. Wall Street Zen lowered shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. JPMorgan Chase & Co. increased their target price on 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. Freedom Broker started coverage on Once Upon A Farm in a research report on Thursday, October 8th. They issued a “buy” rating and a $24.50 target price for the company. Weiss Ratings upgraded Once Upon A Farm from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. Finally, Barclays lifted their price target on Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th.

Hedge Funds Weigh In On Once Upon A Farm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Once Upon A Farm in the 2nd quarter worth about $3,395,000. BlackRock Inc. grew its holdings in 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 period. Nicholas Investment Partners LP increased its stake 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 purchasing an additional 573,285 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Once Upon A Farm during the second quarter valued at approximately $10,240,000. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Once Upon A Farm during the second quarter valued at approximately $1,665,000.

Once Upon A Farm Trading Up 1.3%

NYSE:OFRM opened at $9.27 on Friday. The company has a 50-day moving average price of $15.86 and a 200-day moving average price of $17.29. Once Upon A Farm has a 12 month low of $8.83 and a 12 month high of $27.00. The stock has a market cap of $389.29 million and a price-to-earnings ratio of -25.75.

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 (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. Equities analysts forecast that Once Upon A Farm will post -0.31 EPS for the current fiscal year.

Once Upon A Farm Company Profile

Once Upon a Farm is a U.S.-based food company focused on organic, refrigerated foods for babies, children and families. Its products are designed around fruits, vegetables and other minimally processed ingredients.

The company’s offerings have included refrigerated baby food pouches, toddler meals, kids’ snacks, smoothies and other family-oriented products. Once Upon a Farm distributes its products through grocery retailers, mass merchants and online channels in the United States.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner joining as a co-founder and brand partner.