Once Upon A Farm (NYSE:OFRM) Stock Rated Buy in New Coverage at Freedom Broker

Freedom Broker initiated coverage on shares of Once Upon A Farm (NYSE:OFRM) in a research note published on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $24.50 price objective on the organic kids food company’s stock.

Several other research analysts have also issued reports on OFRM. Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Barclays upped their price target on 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. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.72.

Once Upon A Farm Trading Up 3.4%

Shares of OFRM opened at $16.89 on Thursday. The firm’s 50-day moving average price is $16.91 and its 200-day moving average price is $16.79. The firm has a market capitalization of $709.00 million and a price-to-earnings ratio of -46.90. Once Upon A Farm has a 1-year low of $14.00 and a 1-year high of $27.00.

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

Hedge Funds Weigh In On Once Upon A Farm

Several large investors have recently made changes to their positions in OFRM. Bank of New York Mellon Corp purchased a new stake in shares of Once Upon A Farm in the 2nd quarter worth approximately $781,000. Lisanti Capital Growth LLC purchased a new position in Once Upon A Farm during the second quarter valued at $1,665,000. Public Employees Retirement System of Ohio boosted its holdings 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 worth $1,781,000 after acquiring an additional 13,611 shares in the last quarter. Deutsche Bank AG boosted its holdings 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 worth $2,109,000 after acquiring an additional 2,990 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Once Upon A Farm in the second quarter worth $3,395,000.

Once Upon A Farm Company Profile

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.