Lisanti Capital Growth LLC Makes New $1.67 Million Investment in Once Upon A Farm $OFRM

Key Points

• Lisanti Capital Growth LLC bought 81,290 shares of Once Upon A Farm worth approximately $1.67 million, giving it a 0.19% stake. BlackRock also increased its position by 225.9% during the second quarter.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 11 analysts and an average price target of $25.88. JPMorgan raised its target to $26, while Barclays lifted its target to $19 and maintained an equal-weight rating.
• OFRM opened at $17.89, with a 12-month range of $14.00 to $27.00 and a market capitalization of about $751 million. Its latest quarterly loss of $0.12 per share beat estimates, while revenue reached $85.39 million.

Lisanti Capital Growth LLC purchased a new position in shares of Once Upon A Farm (NYSE:OFRM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 81,290 shares of the organic kids food company's stock, valued at approximately $1,665,000. Lisanti Capital Growth LLC owned about 0.19% of Once Upon A Farm as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of 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 valued at $17,596,000 after purchasing an additional 595,571 shares during the last quarter. Deutsche Bank AG grew its position in Once Upon A Farm by 3.0% during 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. Finally, Bank of New York Mellon Corp purchased a new stake in Once Upon A Farm during the 2nd quarter worth approximately $781,000.

Analyst Ratings Changes

A number of research firms have issued reports on OFRM. Weiss Ratings raised shares of Once Upon A Farm from a "sell (e-)" rating to a "sell (e)" rating in a report on Wednesday, August 12th. Evercore set a $23.00 price objective on shares of Once Upon A Farm in a report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Once Upon A Farm from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Wall Street Zen lowered Once Upon A Farm from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, Barclays lifted their price target on 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. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $25.88.

Once Upon A Farm Stock Up 0.6%

OFRM opened at $17.89 on Thursday. Once Upon A Farm has a 12-month low of $14.00 and a 12-month high of $27.00. The stock's 50 day simple moving average is $18.21. The stock has a market cap of $751.20 million and a price-to-earnings ratio of -49.69.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. As a group, equities research analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current fiscal 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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