Once Upon A Farm (NYSE:OFRM) Stock Has Average Target Price of $23.39

Key Points

• Analyst sentiment is mixed: Twelve firms give Once Upon A Farm a consensus “Hold” rating—five buys, five holds and two sells—with an average 12-month price target of $23.39.
• OFRM opened at $9.27, near its 12-month low of $8.83 and well below its $27.00 high. Recent analyst actions included JPMorgan raising its target to $26 and Barclays lifting its target to $19.
• The company reported quarterly revenue of $85.39 million and a loss of $0.12 per share, beating analysts’ loss estimate of $0.18 per share. Several institutional investors increased or initiated positions during the second quarter, including BlackRock, which expanded its holdings by 225.9%.

Shares of Once Upon A Farm (NYSE:OFRM - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.39.

OFRM has been the subject of several research analyst reports. Wall Street Zen lowered shares of Once Upon A Farm from a "hold" rating to a "sell" rating in a report on Saturday, October 24th. 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 report on Friday, August 7th. Freedom Broker started coverage on Once Upon A Farm in a research report on Thursday, October 8th. They issued a "buy" rating and a $24.50 target price for the company. Weiss Ratings upgraded Once Upon A Farm from a "sell (e)" rating to a "sell (e+)" rating in a research note on Monday, November 2nd. Finally, Barclays lifted their price target on 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.

Hedge Funds Weigh In On Once Upon A Farm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Once Upon A Farm in the 2nd quarter worth about $3,395,000. BlackRock Inc. grew 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 worth $17,596,000 after purchasing an additional 595,571 shares during the period. Nicholas Investment Partners LP increased its stake in shares of 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 valued at $16,060,000 after purchasing an additional 573,285 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Once Upon A Farm during the second quarter valued at approximately $10,240,000. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Once Upon A Farm during the second quarter valued at approximately $1,665,000.

Once Upon A Farm Trading Up 1.3%

NYSE:OFRM opened at $9.27 on Friday. The company has a 50-day moving average price of $15.86 and a 200-day moving average price of $17.29. Once Upon A Farm has a 12 month low of $8.83 and a 12 month high of $27.00. The stock has a market cap of $389.29 million and a price-to-earnings ratio of -25.75.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. Equities analysts forecast that Once Upon A Farm will post -0.31 EPS for the current fiscal year.

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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