Once Upon A Farm (NYSE:OFRM) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a consensus “Hold” rating on Once Upon A Farm, with five buys, five holds and one sell among 11 covering analysts. The average 12-month price target is $25.88.
• Recent analyst actions were mixed but generally more positive: JPMorgan raised its target to $26 and assigned an “overweight” rating, while Barclays lifted its target to $19 but kept an “equal weight” rating.
• Once Upon A Farm reported quarterly EPS of -$0.12, beating the consensus estimate of -$0.18, on revenue of $85.39 million. The stock opened at $16.60, with a market capitalization of approximately $696.9 million.

Shares of Once Upon A Farm (NYSE:OFRM - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.8750.

OFRM has been the subject of several research analyst reports. Barclays raised their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note 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. Finally, JPMorgan Chase & Co. boosted their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th.

Once Upon A Farm Price Performance

Shares of NYSE OFRM opened at $16.60 on Friday. The stock has a market cap of $696.91 million and a PE ratio of -46.10. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The firm has a fifty day moving average price of $16.95 and a 200-day moving average price of $17.21.

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) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. On average, research analysts expect that Once Upon A Farm will post -0.22 EPS for the current year.

Institutional Trading of Once Upon A Farm

A number of large investors have recently made changes to their positions in OFRM. BlackRock Inc. grew its position 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 worth $17,596,000 after acquiring an additional 595,571 shares in the last quarter. Nicholas Investment Partners LP increased its stake in Once Upon A Farm by 271.9% during the second quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company's stock worth $16,060,000 after acquiring an additional 573,285 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Once Upon A Farm during the second quarter valued at approximately $10,240,000. Jupiter Topco LLC purchased a new stake in Once Upon A Farm during the second quarter valued at approximately $9,468,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Once Upon A Farm in the 2nd quarter valued at approximately $1,665,000.

About Once Upon A Farm

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids' smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children's foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.

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.