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

Shares of Once Upon A Farm (NYSE:OFRM) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.8750.

A number of research analysts have recently commented on the company. Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, August 12th. Barclays raised their price target on Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. boosted 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.

Once Upon A Farm Trading Up 0.5%

Once Upon A Farm stock opened at $16.60 on Friday. Once Upon A Farm has a 12-month low of $14.00 and a 12-month high of $27.00. The firm has a 50-day moving average price of $16.95 and a 200-day moving average price of $17.21. The firm has a market capitalization of $696.91 million and a PE ratio of -46.10.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million for the quarter. As a group, sell-side analysts predict 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 made changes to their positions in the stock. Alyeska Investment Group L.P. bought a new stake in Once Upon A Farm during the 2nd quarter valued at about $10,240,000. Public Employees Retirement System of Ohio grew its stake in Once Upon A Farm by 18.6% in 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. Jupiter Topco LLC bought a new position in Once Upon A Farm in the 2nd quarter worth about $9,468,000. Nicholas Investment Partners LP increased its position in shares of Once Upon A Farm by 271.9% during 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 acquiring an additional 573,285 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Once Upon A Farm during the second quarter valued at approximately $1,665,000.

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.