Once Upon A Farm (NYSE:OFRM) Stock Gets Downgrade from Wall Street Zen

Once Upon A Farm (NYSE:OFRM) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Barclays boosted 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 report on Monday, August 10th. Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th. TD Cowen cut their price objective on Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their target price 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. Finally, Freedom Broker initiated coverage on shares of Once Upon A Farm in a report on Thursday, October 8th. They issued a “buy” rating and a $24.50 price target for the company. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Once Upon A Farm has a consensus rating of “Hold” and a consensus target price of $25.72.

Once Upon A Farm Stock Performance

OFRM opened at $15.92 on Friday. Once Upon A Farm has a 1-year low of $14.00 and a 1-year high of $27.00. The firm has a 50-day moving average price of $16.79 and a two-hundred day moving average price of $16.85.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. As a group, equities research analysts predict that Once Upon A Farm will post -0.22 earnings per share for the current year.

Institutional Trading of Once Upon A Farm

A number of institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Once Upon A Farm in the 3rd quarter worth about $39,000. Deutsche Bank AG lifted its holdings in Once Upon A Farm by 3.0% during 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 purchasing an additional 2,990 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Once Upon A Farm by 18.6% in the second quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company’s stock valued at $1,781,000 after acquiring an additional 13,611 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Once Upon A Farm in the 2nd quarter valued at $781,000. Finally, Inspire Investing LLC bought a new stake in shares of Once Upon A Farm in the 3rd quarter worth about $638,000.

About Once Upon A Farm

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.