Once Upon A Farm (NYSE:OFRM) Given Average Recommendation of “Hold” by Analysts

Shares of Once Upon A Farm (NYSE:OFRM) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.8750.

A number of brokerages recently commented on OFRM. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. 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 report on Monday, August 10th. JPMorgan Chase & Co. increased their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Evercore set a $23.00 price target on Once Upon A Farm in a research report on Friday, May 8th.

Once Upon A Farm Price Performance

Shares of NYSE OFRM opened at $17.79 on Tuesday. The stock has a market cap of $746.79 million and a PE ratio of -49.40. Once Upon A Farm has a one year low of $14.00 and a one year high of $27.00. The company’s fifty day moving average price is $18.10.

Once Upon A Farm (NYSE:OFRM) last announced 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 firm had revenue of $85.39 million during the quarter. As a group, research analysts forecast that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of 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 valued at $17,596,000 after buying an additional 595,571 shares during the period. Nicholas Investment Partners LP lifted its holdings 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 worth $16,060,000 after buying an additional 573,285 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Once Upon A Farm in the second quarter valued at approximately $10,240,000. Jupiter Topco LLC bought a new position in shares of Once Upon A Farm in the second quarter valued at approximately $9,468,000. Finally, Lisanti Capital Growth LLC purchased a new position in Once Upon A Farm during the second quarter valued at approximately $1,665,000.

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.