Once Upon A Farm (NYSE:OFRM) Stock Has Average Target Price of $25.88 According to Brokerages

Shares of Once Upon A Farm (NYSE:OFRM) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.88.

A number of brokerages have weighed in on OFRM. Weiss Ratings upgraded 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 objective on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Barclays boosted 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 research note on Monday, August 10th.

Hedge Funds Weigh In On Once Upon A Farm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in 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 buying an additional 595,571 shares during the last quarter. Nicholas Investment Partners LP raised its stake in shares of Once Upon A Farm by 271.9% in the second 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 last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Once Upon A Farm in the 2nd quarter worth approximately $10,240,000. Lisanti Capital Growth LLC bought a new stake in Once Upon A Farm during the 2nd quarter worth approximately $1,665,000. Finally, Jupiter Topco LLC bought a new stake in Once Upon A Farm during the 2nd quarter worth approximately $9,468,000.

Once Upon A Farm Trading Down 1.2%

OFRM stock opened at $16.31 on Friday. Once Upon A Farm has a 1-year low of $14.00 and a 1-year high of $27.00. The firm has a market cap of $684.77 million and a P/E ratio of -45.30. The business’s 50 day moving average is $16.78 and its 200-day moving average is $16.99.

Once Upon A Farm (NYSE:OFRM) last issued its 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. Sell-side analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.

About Once Upon A Farm

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids’ smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children’s foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.