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

Once Upon A Farm (NYSE:OFRM) has been given an average rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.8750.

A number of analysts have weighed in on OFRM shares. Barclays upped their target price 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. Evercore set a $23.00 price objective on Once Upon A Farm in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in Once Upon A Farm during the second quarter valued at approximately $75,000. Bank of New York Mellon Corp acquired a new position in shares of Once Upon A Farm during the second quarter worth $781,000. Lisanti Capital Growth LLC purchased a new stake in shares of Once Upon A Farm during the 2nd quarter valued at $1,665,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Once Upon A Farm by 18.6% during the 2nd 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 purchasing an additional 13,611 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Once Upon A Farm by 3.0% in the 2nd quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock worth $2,109,000 after purchasing an additional 2,990 shares in the last quarter.

Once Upon A Farm Stock Performance

NYSE OFRM opened at $17.34 on Tuesday. Once Upon A Farm has a one year low of $14.00 and a one year high of $27.00. The company has a market capitalization of $728.11 million and a price-to-earnings ratio of -48.17. The company’s 50-day simple moving average is $17.89 and its two-hundred day simple moving average is $17.80.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings results 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 analysts expect that Once Upon A Farm will post -0.22 earnings per share for the current fiscal 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.