Once Upon A Farm (NYSE:OFRM) Stock Price Down 3.7% - Here's Why

Key Points

• Once Upon A Farm shares fell 3.7% to $17.11, with trading volume down 95% from average. The stock has a $711.6 million market capitalization and trades below its 50-day moving average of $18.10.
• Analyst sentiment is mixed, with five Buy, five Hold and one Sell rating; the consensus rating is Hold with a target price of $25.88. JPMorgan raised its target to $26, while Wall Street Zen downgraded the stock to Sell.
• The company reported quarterly EPS of -$0.12, beating estimates of -$0.18, on revenue of $85.39 million. Institutional interest increased, including a 271.9% stake increase by Nicholas Investment Partners.

Once Upon A Farm (NYSE:OFRM - Get Free Report)'s share price fell 3.7% on Tuesday . The company traded as low as $17.25 and last traded at $17.1090. 30,215 shares changed hands during trading, a decline of 95% from the average session volume of 557,975 shares. The stock had previously closed at $17.76.

Analyst Ratings Changes

OFRM has been the subject of several analyst reports. Wall Street Zen downgraded shares of Once Upon A Farm from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Weiss Ratings upgraded Once Upon A Farm from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on Once Upon A Farm from $22.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Barclays boosted their target price 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. Finally, Evercore set a $23.00 target price on Once Upon A Farm in a research note on Friday, May 8th. 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, the company presently has an average rating of "Hold" and a consensus target price of $25.88.

Once Upon A Farm Trading Down 4.6%

The stock has a 50 day moving average of $18.10. The company has a market capitalization of $711.56 million and a price-to-earnings ratio of -47.32.

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) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. On average, sell-side analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Once Upon A Farm

Hedge funds and other institutional investors have recently modified their holdings of the company. Lisanti Capital Growth LLC bought a new stake in Once Upon A Farm in the 2nd quarter worth approximately $1,665,000. Nicholas Investment Partners LP raised its stake 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 worth $16,060,000 after acquiring an additional 573,285 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Once Upon A Farm in the 2nd quarter valued at $75,000. Public Employees Retirement System of Ohio grew its holdings in shares of Once Upon A Farm by 18.6% during 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 during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Once Upon A Farm during the 2nd quarter valued at $781,000.

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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