JPMorgan Chase & Co. Boosts Once Upon A Farm (NYSE:OFRM) Price Target to $26.00

Key Points

• JPMorgan raised Once Upon A Farm’s price target to $26 from $22 and maintained an “overweight” rating, implying approximately 56% upside from the stock’s $16.67 price.
• Analyst sentiment is mixed: five analysts rate the stock Buy, five Hold and one Sell, resulting in a consensus “Hold” rating and an average price target of $25.75.
• Once Upon A Farm’s latest quarterly results beat expectations, with an adjusted loss of $0.12 per share versus the $0.18 consensus loss estimate and revenue of $85.39 million.

Once Upon A Farm (NYSE:OFRM - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $22.00 to $26.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the organic kids food company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 55.97% from the stock's current price.

A number of other brokerages have also issued reports on OFRM. Wall Street Zen lowered Once Upon A Farm from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Weiss Ratings reissued a "sell (e-)" rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. Barclays reduced their price objective on shares of Once Upon A Farm from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Friday, May 8th. TD Cowen lowered their target price on shares of Once Upon A Farm from $26.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $23.00 price target on shares of Once Upon A Farm in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Once Upon A Farm has a consensus rating of "Hold" and an average target price of $25.75.

Once Upon A Farm Stock Performance

NYSE OFRM traded down $0.76 on Friday, hitting $16.67. The stock had a trading volume of 384,311 shares, compared to its average volume of 570,403. The firm's 50-day simple moving average is $17.80. Once Upon A Farm has a one year low of $14.00 and a one year high of $27.00. The stock has a market cap of $698.47 million and a PE ratio of -69.45.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $85.39 million for the quarter. On average, equities analysts predict that Once Upon A Farm will post -0.13 EPS for the current year.

Institutional Trading of Once Upon A Farm

A hedge fund recently bought a new position in Once Upon A Farm stock. Bank of New York Mellon Corp bought a new position in Once Upon A Farm (NYSE:OFRM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 38,125 shares of the organic kids food company's stock, valued at approximately $781,000. Bank of New York Mellon Corp owned approximately 0.09% of Once Upon A Farm at the end of the most recent reporting period.

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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