Once Upon A Farm $OFRM Shares Newly Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in shares of Once Upon A Farm (NYSE:OFRM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,516 shares of the organic kids food company’s stock, valued at approximately $638,000. Inspire Investing LLC owned approximately 0.10% of Once Upon A Farm at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Once Upon A Farm in the 3rd quarter valued at about $39,000. State Street Corp purchased a new position in shares of Once Upon A Farm in the 2nd quarter worth approximately $3,395,000. Alyeska Investment Group L.P. purchased a new position in shares of Once Upon A Farm in the 2nd quarter worth approximately $10,240,000. Public Employees Retirement System of Ohio raised its stake in shares of Once Upon A Farm by 18.6% during the 2nd 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. Finally, Jupiter Topco LLC bought a new position in shares of Once Upon A Farm during the 2nd quarter worth approximately $9,468,000.

Once Upon A Farm Stock Up 1.4%

Once Upon A Farm stock opened at $16.30 on Thursday. Once Upon A Farm has a 52 week low of $14.00 and a 52 week high of $27.00. The stock has a 50-day moving average price of $16.70 and a 200 day moving average price of $17.53. The company has a market capitalization of $684.37 million and a price-to-earnings ratio of -45.27.

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, topping the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. Research analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OFRM. TD Cowen decreased their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Barclays lifted their price target on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Freedom Broker began coverage on Once Upon A Farm in a research report on Thursday, October 8th. They set a “buy” rating and a $24.50 price target on the stock. Weiss Ratings upgraded Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Six equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.72.

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.