265,762 Shares in Once Upon A Farm $OFRM Acquired by CenterBook Partners LP

Key Points

• CenterBook Partners LP initiated a position in Once Upon A Farm, buying 265,762 shares worth about $4.19 million, or approximately 0.63% of the company.
• Other institutions also added shares recently, including BlackRock, which increased its holdings by 225.9%; several firms, including Alyeska Investment Group and State Street, disclosed new stakes.
• OFRM shares opened at $9.27, near their 52-week low of $8.83. Analysts’ consensus rating is “Hold,” with an average price target of $23.39; the company reported a quarterly loss of $0.12 per share, beating estimates.

CenterBook Partners LP bought a new position in Once Upon A Farm (NYSE:OFRM - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 265,762 shares of the organic kids food company's stock, valued at approximately $4,186,000. CenterBook Partners LP owned approximately 0.63% of Once Upon A Farm as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of OFRM. BlackRock Inc. raised its holdings in shares of 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 buying an additional 595,571 shares during the last quarter. Nicholas Investment Partners LP grew its holdings 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 buying 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 during the second quarter valued at $10,240,000. Jupiter Topco LLC purchased a new stake in shares of Once Upon A Farm during the second quarter valued at $9,468,000. Finally, State Street Corp acquired a new position in shares of Once Upon A Farm in the 2nd quarter valued at $3,395,000.

Once Upon A Farm Stock Up 1.3%

Once Upon A Farm stock opened at $9.27 on Friday. The business's 50-day moving average price is $15.86 and its 200 day moving average price is $17.29. The firm has a market cap of $389.29 million and a price-to-earnings ratio of -25.75. Once Upon A Farm has a 52 week low of $8.83 and a 52 week high of $27.00.

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 analysts' consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million during the quarter. Equities analysts expect that Once Upon A Farm will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

OFRM has been the subject of a number of research analyst reports. Freedom Broker assumed coverage on Once Upon A Farm in a research note on Thursday, October 8th. They issued a "buy" rating and a $24.50 target price for the company. JPMorgan Chase & Co. increased 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. TD Cowen cut their price objective on Once Upon A Farm from $18.00 to $13.00 and set a "hold" rating on the stock in a report on Tuesday, November 3rd. 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 target price on Once Upon A Farm from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $23.39.

About Once Upon A Farm

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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