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

Once Upon A Farm (NYSE:OFRM) has been given an average rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.1250.

A number of brokerages recently commented on OFRM. Barclays dropped their price target on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Weiss Ratings restated a “sell (e-)” rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. Evercore set a $23.00 target price on shares of Once Upon A Farm in a research report on Friday, May 8th. 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. Finally, TD Cowen decreased their price target on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, April 20th.

Once Upon A Farm Stock Performance

Shares of NYSE:OFRM opened at $17.49 on Friday. The firm’s 50-day simple moving average is $17.80. The stock has a market cap of $732.96 million and a P/E ratio of -72.89. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00.

Once Upon A Farm (NYSE:OFRM) last released 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 business had revenue of $85.39 million during the quarter. Equities research analysts anticipate that Once Upon A Farm will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Once Upon A Farm

A hedge fund recently bought a new stake in Once Upon A Farm stock. Bank of New York Mellon Corp bought a new position in Once Upon A Farm (NYSE:OFRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,125 shares of the organic kids food company’s stock, valued at approximately $781,000. Bank of New York Mellon Corp owned about 0.09% of Once Upon A Farm at the end of the most recent quarter.

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.