Once Upon A Farm $OFRM Shares Purchased by BlackRock Inc.

Key Points

• BlackRock increased its Once Upon A Farm stake by 225.9% in the second quarter, acquiring 595,571 additional shares and bringing its ownership to approximately 2.05%, valued at $17.6 million.
• OFRM shares opened at $17.45, near their 50-day and 200-day moving averages, with a market capitalization of $732.7 million. The company reported a quarterly loss of $0.12 per share, beating analyst expectations of a $0.18 loss, on revenue of $85.39 million.
• Analyst sentiment remains mixed, with five Buy, five Hold, and one Sell rating; the consensus rating is Hold with an average price target of $25.88.

BlackRock Inc. lifted its holdings in Once Upon A Farm (NYSE:OFRM - Free Report) by 225.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 859,180 shares of the organic kids food company's stock after purchasing an additional 595,571 shares during the period. BlackRock Inc. owned about 2.05% of Once Upon A Farm worth $17,596,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Deutsche Bank AG grew its holdings in Once Upon A Farm by 3.0% in the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company's stock valued at $2,109,000 after purchasing an additional 2,990 shares during the period.

Once Upon A Farm Price Performance

Shares of NYSE:OFRM opened at $17.45 on Friday. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The firm has a market capitalization of $732.73 million and a PE ratio of -48.47. The business's 50 day moving average price is $17.73 and its 200-day moving average price is $17.71.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last posted 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 firm had revenue of $85.39 million during the quarter. As a group, analysts expect that Once Upon A Farm will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OFRM. Wall Street Zen cut Once Upon A Farm from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Barclays lifted their price target on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, August 10th. 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 research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Once Upon A Farm from $22.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $25.88.

About Once Upon A Farm

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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