165,782 Shares of Once Upon A Farm $OFRM Bought by State Street Corp

Key Points

• State Street Corp. bought 165,782 shares of Once Upon A Farm during the second quarter, worth approximately $3.4 million and representing about 0.39% of the company.
• Several institutional investors also increased exposure, including Nicholas Investment Partners, which raised its stake by 271.9% to 784,166 shares. Alyeska Investment Group and Jupiter Topco each initiated positions worth more than $9 million.
• OFRM opened at $16.31, well below its 52-week high of $27.00. Analysts have a consensus “Hold” rating and an average price target of $25.88, while the company recently reported a smaller-than-expected quarterly loss of $0.12 per share.

State Street Corp purchased a new stake in shares of Once Upon A Farm (NYSE:OFRM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 165,782 shares of the organic kids food company's stock, valued at approximately $3,395,000. State Street Corp owned about 0.39% of Once Upon A Farm as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new position in shares of Once Upon A Farm during the second quarter valued at approximately $10,240,000. Public Employees Retirement System of Ohio raised its holdings in shares of Once Upon A Farm by 18.6% in the second quarter. Public Employees Retirement System of Ohio now owns 86,967 shares of the organic kids food company's stock valued at $1,781,000 after purchasing an additional 13,611 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Once Upon A Farm in the second quarter valued at about $9,468,000. Nicholas Investment Partners LP lifted its position 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. Finally, Lisanti Capital Growth LLC bought a new stake in Once Upon A Farm in the 2nd quarter worth about $1,665,000.

Once Upon A Farm Price Performance

Shares of OFRM opened at $16.31 on Friday. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The stock's fifty day moving average price is $16.78 and its two-hundred day moving average price is $16.99. The firm has a market cap of $684.77 million and a PE ratio of -45.30.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last posted its quarterly 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 for the quarter. Sell-side analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lifted 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 report on Monday, August 10th. JPMorgan Chase & Co. lifted their price target on Once Upon A Farm from $22.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings raised Once Upon A Farm from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.88.

Once Upon A Farm Profile

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.

Want to see what other hedge funds are holding OFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Once Upon A Farm (NYSE:OFRM - Free Report).

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.