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Once Upon A Farm (NYSE:OFRM) Price Target Cut to $10.00 by Analysts at TD Cowen

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Key Points

  • TD Cowen cut its price target on Once Upon A Farm from $13 to $10 and maintained a Hold rating, implying 2.48% downside from the prior close.
  • Analyst views are mixed: five rate the stock Buy, five Hold and two Sell, with a consensus target of $23.06.
  • Third-quarter sales rose 34.9% year over year to $89.1 million and the net loss narrowed, but gross margin declined to 36.1% from 42.1%.
  • Interested in Once Upon A Farm? Here are five stocks we like better.

Once Upon A Farm (NYSE:OFRM - Get Free Report) had its price objective lowered by stock analysts at TD Cowen from $13.00 to $10.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a "hold" rating on the organic kids food company's stock. TD Cowen's price target points to a potential downside of 2.48% from the stock's previous close.

A number of other equities analysts also recently weighed in on OFRM. Wall Street Zen downgraded Once Upon A Farm from a "hold" rating to a "sell" rating in a report on Saturday, October 24th. Bank of America cut shares of Once Upon A Farm from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $21.00 to $10.00 in a report on Tuesday, November 3rd. Weiss Ratings raised shares of Once Upon A Farm from a "sell (e)" rating to a "sell (e+)" rating in a research report on Monday, November 2nd. Barclays boosted their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Freedom Broker assumed coverage on shares of Once Upon A Farm in a research note on Thursday, October 8th. They issued a "buy" rating and a $24.50 price objective on the stock. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.06.

Get Our Latest Stock Analysis on Once Upon A Farm

Once Upon A Farm Trading Up 0.7%

Shares of OFRM stock opened at $10.25 on Friday. The company has a market capitalization of $430.57 million and a price-to-earnings ratio of -29.37. Once Upon A Farm has a 1-year low of $8.83 and a 1-year high of $27.00. The stock's fifty day simple moving average is $15.27 and its 200-day simple moving average is $17.14.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last announced its quarterly earnings data on Thursday, November 12th. The organic kids food company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $89.07 million during the quarter. On average, sell-side analysts predict that Once Upon A Farm will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Once Upon A Farm

Several institutional investors have recently made changes to their positions in OFRM. State of Alaska Department of Revenue bought a new stake in shares of Once Upon A Farm in the 3rd quarter valued at approximately $39,000. Berger Financial Group Inc bought a new position in Once Upon A Farm during the third quarter valued at approximately $184,000. Private Advisor Group LLC bought a new position in Once Upon A Farm during the third quarter valued at approximately $399,000. Bank of New York Mellon Corp bought a new position in Once Upon A Farm during the second quarter valued at approximately $781,000. Finally, Inspire Investing LLC acquired a new stake in Once Upon A Farm in the third quarter valued at approximately $638,000.

More Once Upon A Farm News

Here's some of the latest news about OFRM:

Once Upon A Farm Company Profile

(Get Free Report)

Once Upon A Farm is a U.S. food company that makes organic products for babies and children. Its offerings include fruit and vegetable blends, baby meals, smoothies, snacks and oat bars, sold in refrigerated and shelf-stable formats. Founded in 2015 by Cassandra Curtis and Ari Raz, the company later brought in John Foraker as chief executive and Jennifer Garner as a co-founder. Its products are designed for families seeking convenient foods made with organic ingredients. Once Upon A Farm sells its products across the United States through grocery and other retail outlets, as well as online channels.

Further Reading

Analyst Recommendations for Once Upon A Farm (NYSE:OFRM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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