Once Upon A Farm (NYSE:OFRM) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Once Upon A Farm (NYSE:OFRM) have earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.39.

Several research firms have recently commented on OFRM. JPMorgan Chase & Co. boosted 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 report on Friday, August 7th. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. Freedom Broker assumed coverage on shares of Once Upon A Farm in a report on Thursday, October 8th. They set a “buy” rating and a $24.50 price objective for the company. Bank of America downgraded shares of Once Upon A Farm from a “buy” rating to an “underperform” rating and decreased their price target for the company from $21.00 to $10.00 in a research note on Tuesday, November 3rd. Finally, Barclays boosted their price target on Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 10th.

Once Upon A Farm Stock Up 1.3%

NYSE:OFRM opened at $9.27 on Friday. The stock has a market cap of $389.29 million and a price-to-earnings ratio of -25.75. The company’s 50 day moving average price is $15.86 and its 200-day moving average price is $17.29. Once Upon A Farm has a 52 week low of $8.83 and a 52 week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data 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 firm had revenue of $85.39 million during the quarter. As a group, sell-side analysts anticipate that Once Upon A Farm will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Once Upon A Farm by 225.9% during 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 grew its holdings 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 worth $16,060,000 after buying an additional 573,285 shares in the last quarter. Alyeska Investment Group L.P. acquired 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 position in Once Upon A Farm in the 2nd quarter valued at about $9,468,000. Finally, CenterBook Partners LP purchased a new stake in Once Upon A Farm during the third quarter worth about $4,186,000.

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.