Once Upon A Farm (NYSE:OFRM) Receives Consensus Recommendation of “Hold” from Brokerages

Once Upon A Farm (NYSE:OFRM) has received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.8750.

Several research firms have weighed in on OFRM. JPMorgan Chase & Co. raised their price target 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. Barclays boosted their price objective on 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. Wall Street Zen cut shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Evercore set a $23.00 target price on shares of Once Upon A Farm in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th.

Institutional Trading of Once Upon A Farm

Several institutional investors and hedge funds have recently made changes to their positions in OFRM. Bank of New York Mellon Corp purchased a new position in Once Upon A Farm in the second quarter worth $781,000. Deutsche Bank AG increased its stake in 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 valued at $2,109,000 after acquiring an additional 2,990 shares during the last quarter. BlackRock Inc. raised its position 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 valued at $17,596,000 after purchasing an additional 595,571 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Once Upon A Farm during the second quarter valued at about $1,665,000. Finally, Nicholas Investment Partners LP lifted its stake in 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 purchasing an additional 573,285 shares during the last quarter.

Once Upon A Farm Trading Up 2.6%

Once Upon A Farm stock opened at $17.79 on Tuesday. Once Upon A Farm has a fifty-two week low of $14.00 and a fifty-two week high of $27.00. The company has a market capitalization of $746.79 million and a PE ratio of -49.40. The stock has a fifty day moving average price of $18.10.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million for the quarter. As a group, equities research analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.

Once Upon A Farm Company Profile

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.