Once Upon A Farm (NYSE:OFRM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Once Upon A Farm to “sell” from “hold,” while the broader analyst consensus remains “Hold” with a $25.72 target price.
• OFRM shares opened at $15.92, below their 50-day and 200-day moving averages of $16.79 and $16.85, respectively, and are trading within a $14.00–$27.00 52-week range.
• The company reported a quarterly loss of $0.12 per share, beating estimates for a $0.18 loss, on revenue of $85.39 million; analysts expect a full-year loss of $0.22 per share.

Once Upon A Farm (NYSE:OFRM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

OFRM has been the topic of a number of other reports. Barclays upped their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, August 10th. Freedom Broker began coverage on Once Upon A Farm in a research report on Thursday, October 8th. They set a "buy" rating and a $24.50 price target on the stock. TD Cowen lowered their price target 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. 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. Finally, JPMorgan Chase & Co. increased their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.72.

Once Upon A Farm Stock Down 2.8%

Shares of OFRM opened at $15.92 on Friday. The firm's fifty day moving average is $16.79 and its two-hundred day moving average is $16.85. Once Upon A Farm has a 52-week low of $14.00 and a 52-week high of $27.00.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last issued its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The firm had revenue of $85.39 million for the quarter. As a group, analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Once Upon A Farm

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in Once Upon A Farm in the third quarter valued at about $39,000. Deutsche Bank AG lifted its holdings 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 during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Once Upon A Farm by 18.6% during the second quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company's stock worth $1,781,000 after acquiring an additional 13,611 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $781,000. Finally, Inspire Investing LLC bought a new position in shares of Once Upon A Farm in the third quarter worth $638,000.

Once Upon A Farm Company Profile

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.

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