Once Upon A Farm (NYSE:OFRM) Stock Has Average Target Price of $25.72 According to Analysts

Once Upon A Farm (NYSE:OFRM) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.72.

Several research firms recently issued reports on OFRM. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen raised shares of Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th. Freedom Broker started coverage on shares of Once Upon A Farm in a report on Thursday, October 8th. They issued a “buy” rating and a $24.50 target price on the stock. Finally, TD Cowen dropped their price target on shares of Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday.

Once Upon A Farm Stock Down 0.8%

Shares of OFRM opened at $16.42 on Wednesday. Once Upon A Farm has a 52-week low of $14.00 and a 52-week high of $27.00. The stock has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $16.79. The company has a market capitalization of $689.48 million and a PE ratio of -45.61.

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, beating the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million for the quarter. As a group, equities analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Once Upon A Farm

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Once Upon A Farm during the second quarter worth $781,000. Lisanti Capital Growth LLC purchased a new stake in Once Upon A Farm in the second quarter valued at $1,665,000. Public Employees Retirement System of Ohio raised its position in Once Upon A Farm by 18.6% in the second quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock valued at $1,781,000 after purchasing an additional 13,611 shares during the period. Deutsche Bank AG raised its position in Once Upon A Farm by 3.0% in the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after purchasing an additional 2,990 shares during the period. Finally, State Street Corp acquired a new position in shares of Once Upon A Farm in the 2nd quarter valued at $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.