Once Upon A Farm $OFRM Position Boosted by Nicholas Investment Partners LP

Nicholas Investment Partners LP boosted its holdings in Once Upon A Farm (NYSE:OFRM) by 271.9% during the 2nd quarter, Holdings Channel reports. The fund owned 784,166 shares of the organic kids food company’s stock after acquiring an additional 573,285 shares during the quarter. Nicholas Investment Partners LP’s holdings in Once Upon A Farm were worth $16,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in shares of 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 purchasing an additional 2,990 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Once Upon A Farm during the second quarter valued at about $781,000. Lisanti Capital Growth LLC acquired a new stake in Once Upon A Farm in the second quarter worth about $1,665,000. Finally, BlackRock Inc. lifted 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.

Once Upon A Farm Price Performance

NYSE OFRM opened at $17.79 on Tuesday. The company has a market capitalization of $746.79 million and a PE ratio of -49.40. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The firm has a fifty day moving average of $18.10.

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

Analysts Set New Price Targets

OFRM has been the topic of several research analyst reports. Wall Street Zen cut shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Evercore set a $23.00 price target on shares of Once Upon A Farm in a research note on Friday, May 8th. 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. Finally, Barclays raised their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Once Upon A Farm currently has a consensus rating of “Hold” and an average target price of $25.88.

About Once Upon A Farm

Once Upon A Farm (NYSE: OFRM) is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.