Once Upon A Farm (NYSE:OFRM) Stock Price Down 5.1% - What's Next?

Key Points

• Once Upon A Farm shares fell 5.1% to $16.33, with trading volume approximately 73% below the average session volume.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating from 12 analysts, while the average price target of $25.72 implies substantial upside from current levels.
• The company reported a quarterly loss of $0.12 per share, beating estimates for a $0.18 loss, on revenue of $85.39 million; analysts expect a full-year loss of $0.22 per share.

Once Upon A Farm (NYSE:OFRM - Get Free Report) traded down 5.1% during trading on Wednesday. The company traded as low as $16.35 and last traded at $16.33. Approximately 140,629 shares were traded during mid-day trading, a decline of 73% from the average session volume of 517,158 shares. The stock had previously closed at $17.20.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OFRM shares. Barclays upped 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. JPMorgan Chase & Co. boosted 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 research report on Friday, August 7th. TD Cowen cut their price target on Once Upon A Farm from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Once Upon A Farm from a "sell (e-)" rating to a "sell (e)" rating in a research note on Wednesday, August 12th. Finally, Freedom Broker began coverage on shares of Once Upon A Farm in a research report on Thursday, October 8th. They issued a "buy" rating and a $24.50 price objective on the stock. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Once Upon A Farm presently has a consensus rating of "Hold" and a consensus price target of $25.72.

Once Upon A Farm Price Performance

The stock has a market cap of $674.36 million and a price-to-earnings ratio of -44.60. The firm has a fifty day moving average of $16.87 and a 200 day moving average of $16.84.

Once Upon A Farm (NYSE:OFRM - Get Free Report) last announced its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. Research analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Once Upon A Farm

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Once Upon A Farm by 225.9% during the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company's stock worth $17,596,000 after buying an additional 595,571 shares during the last quarter. Nicholas Investment Partners LP boosted its holdings in Once Upon A Farm by 271.9% in the second quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company's stock valued at $16,060,000 after acquiring an additional 573,285 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Once Upon A Farm in the second quarter worth $10,240,000. Jupiter Topco LLC acquired a new stake in Once Upon A Farm during the 2nd quarter valued at $9,468,000. Finally, State Street Corp acquired a new position in shares of Once Upon A Farm in the 2nd quarter valued at approximately $3,395,000.

Once Upon A Farm Company Profile

Once Upon A Farm, Inc is a food company focused on organic, clean-label nutrition for babies, toddlers, children and families. Its products are made with fruit, vegetables and other recognizable ingredients, with an emphasis on refrigerated and minimally processed foods.

The company's product portfolio includes refrigerated baby food pouches, toddler meals, applesauce and fruit pouches, smoothies, snacks and other children's foods. Once Upon A Farm sells its products through grocery stores, mass retailers, natural-food retailers and e-commerce channels in the United States.

Once Upon A Farm was founded in 2015 by Cassandra Curtis and Ari Raz, with John Foraker, a former Annie's executive, later joining the company as chief executive officer.

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