Once Upon A Farm (NYSE:OFRM) Stock Has Consensus Price Target of $25.72

Once Upon A Farm (NYSE:OFRM) has earned an average recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.72.

Several research analysts have issued reports on the company. Freedom Broker initiated coverage on Once Upon A Farm in a research report on Thursday, October 8th. They issued a “buy” rating and a $24.50 price objective for the company. 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. TD Cowen decreased their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, August 7th.

Institutional Trading of Once Upon A Farm

A number of institutional investors have recently added to or reduced their stakes in OFRM. BlackRock Inc. increased its holdings in Once Upon A Farm by 225.9% in 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 in the last quarter. Nicholas Investment Partners LP lifted its position in shares of Once Upon A Farm by 271.9% during the 2nd quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after acquiring an additional 573,285 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Once Upon A Farm during the 2nd quarter valued at approximately $10,240,000. Jupiter Topco LLC purchased a new stake in shares of Once Upon A Farm during the 2nd quarter worth approximately $9,468,000. Finally, State Street Corp purchased a new stake in shares of Once Upon A Farm during the 2nd quarter worth approximately $3,395,000.

Once Upon A Farm Price Performance

OFRM opened at $17.39 on Wednesday. The business has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $16.83. The stock has a market capitalization of $730.37 million and a P/E ratio of -48.32. Once Upon A Farm has a 12 month low of $14.00 and a 12 month high of $27.00.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. Research analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current year.

About Once Upon A Farm

Once Upon A Farm, Inc is a food company focused on organic, clean-label nutrition for babies, toddlers, children and families. Its products are made with fruit, vegetables and other recognizable ingredients, with an emphasis on refrigerated and minimally processed foods.

The company’s product portfolio includes refrigerated baby food pouches, toddler meals, applesauce and fruit pouches, smoothies, snacks and other children’s foods. Once Upon A Farm sells its products through grocery stores, mass retailers, natural-food retailers and e-commerce channels in the United States.

Once Upon A Farm was founded in 2015 by Cassandra Curtis and Ari Raz, with John Foraker, a former Annie’s executive, later joining the company as chief executive officer.