Alyeska Investment Group L.P. Invests $10.24 Million in Once Upon A Farm $OFRM

Key Points

• Alyeska Investment Group acquired 500,000 shares of Once Upon A Farm worth approximately $10.24 million, giving it a 1.19% stake.
• Institutional interest increased during the second quarter, with Jupiter Topco acquiring about $9.47 million in shares and several other funds also adding or initiating positions.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $25.88 target price. The company reported quarterly revenue of $85.39 million and an adjusted loss of $0.12 per share, beating estimates.

Alyeska Investment Group L.P. purchased a new position in Once Upon A Farm (NYSE:OFRM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 500,000 shares of the organic kids food company's stock, valued at approximately $10,240,000. Alyeska Investment Group L.P. owned about 1.19% of Once Upon A Farm at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OFRM. Deutsche Bank AG increased its position in shares of Once Upon A Farm by 3.0% in the 2nd quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company's stock worth $2,109,000 after purchasing an additional 2,990 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Once Upon A Farm by 18.6% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Once Upon A Farm during the second quarter worth about $781,000. Lisanti Capital Growth LLC bought a new position in shares of Once Upon A Farm during the second quarter worth about $1,665,000. Finally, Jupiter Topco LLC acquired a new position in Once Upon A Farm in the second quarter worth about $9,468,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered Once Upon A Farm from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Evercore set a $23.00 target price on Once Upon A Farm in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target 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. 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. Finally, Barclays raised their price objective on Once Upon A Farm from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Once Upon A Farm presently has a consensus rating of "Hold" and a consensus target price of $25.88.

Once Upon A Farm Stock Up 1.0%

OFRM opened at $17.34 on Tuesday. The company's 50-day moving average price is $17.89 and its 200 day moving average price is $17.80. Once Upon A Farm has a fifty-two week low of $14.00 and a fifty-two week high of $27.00. The firm has a market cap of $728.11 million and a price-to-earnings ratio of -48.17.

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) 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. Research analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current year.

Once Upon A Farm Company Profile

Once Upon A Farm NYSE: OFRM is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.

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