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

Once Upon A Farm (NYSE:OFRM) has earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.72.

OFRM has been the subject of a number of research analyst reports. Freedom Broker assumed coverage on shares of Once Upon A Farm in a research report on Thursday, October 8th. They set a “buy” rating and a $24.50 price objective for the company. Barclays lifted their target price on shares of 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. JPMorgan Chase & Co. boosted their target price 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. TD Cowen decreased their price target on Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Finally, Wall Street Zen upgraded Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th.

Once Upon A Farm Stock Down 1.1%

Shares of OFRM stock opened at $17.23 on Wednesday. The company has a 50-day moving average of $16.87 and a two-hundred day moving average of $16.84. 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 announced its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. As a group, analysts expect that Once Upon A Farm will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Once Upon A Farm

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in Once Upon A Farm by 225.9% during the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock worth $17,596,000 after acquiring an additional 595,571 shares in the last quarter. Nicholas Investment Partners LP boosted its holdings in Once Upon A Farm by 271.9% during the 2nd quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after acquiring an additional 573,285 shares during the period. Alyeska Investment Group L.P. acquired a new position in Once Upon A Farm in the 2nd 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, State Street Corp acquired a new position in Once Upon A Farm in the 2nd quarter valued at about $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.