Once Upon A Farm (NYSE:OFRM) Stock Has Average Target Price of $25.72

Key Points

• Analysts give Once Upon A Farm an average “Hold” rating from 12 brokerages, with six buys, five holds and one sell. The average 12-month price target is $25.72, above the stock’s recent $16.42 price.
• Several institutional investors increased or initiated positions in the company during the second quarter, including BlackRock, Nicholas Investment Partners, Alyeska Investment Group, Jupiter Topco and State Street.
• Once Upon A Farm reported quarterly revenue of $85.39 million and an adjusted loss of $0.12 per share, beating the consensus estimate of a $0.18 loss. Analysts expect a full-year loss of $0.22 per share.

Shares of Once Upon A Farm (NYSE:OFRM - Get Free Report) have been assigned an average rating of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $25.72.

OFRM has been the topic of a number of research reports. 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 report on Friday, August 7th. Freedom Broker assumed coverage on shares of Once Upon A Farm in a research note on Thursday, October 8th. They set a "buy" rating and a $24.50 target price on the stock. TD Cowen dropped their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday. Barclays increased 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 report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Once Upon A Farm from a "sell" rating to a "hold" rating in a research report on Saturday.

Institutional Trading of Once Upon A Farm

A number of hedge funds have recently bought and sold shares of OFRM. BlackRock Inc. lifted its stake in Once Upon A Farm by 225.9% in the 2nd 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 in the last quarter. Nicholas Investment Partners LP boosted its holdings in shares of Once Upon A Farm by 271.9% during the 2nd quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company's stock worth $16,060,000 after purchasing an additional 573,285 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $10,240,000. Jupiter Topco LLC purchased a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $9,468,000. Finally, State Street Corp purchased a new stake in shares of Once Upon A Farm in the second quarter valued at approximately $3,395,000.

Once Upon A Farm Price Performance

Shares of Once Upon A Farm stock opened at $16.42 on Wednesday. The business has a 50 day simple moving average of $16.90 and a two-hundred day simple moving average of $16.79. Once Upon A Farm has a 12 month low of $14.00 and a 12 month high of $27.00. The stock has a market capitalization of $689.48 million and a P/E ratio of -45.61.

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

About Once Upon A Farm

Once Upon A Farm, Inc is a food company focused on organic, clean-label nutrition for babies, toddlers, children and families. Its products are made with fruit, vegetables and other recognizable ingredients, with an emphasis on refrigerated and minimally processed foods.

The company's product portfolio includes refrigerated baby food pouches, toddler meals, applesauce and fruit pouches, smoothies, snacks and other children's foods. Once Upon A Farm sells its products through grocery stores, mass retailers, natural-food retailers and e-commerce channels in the United States.

Once Upon A Farm was founded in 2015 by Cassandra Curtis and Ari Raz, with John Foraker, a former Annie's executive, later joining the company as chief executive officer.

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.