Once Upon A Farm (NYSE:OFRM) Raised to “Hold” at Wall Street Zen

Once Upon A Farm (NYSE:OFRM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Freedom Broker started coverage on shares of Once Upon A Farm in a report on Thursday. They issued a “buy” rating and a $24.50 price target on the stock. Barclays increased 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 report 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 research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Six equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.72.

Once Upon A Farm Stock Down 0.3%

Once Upon A Farm stock opened at $16.89 on Friday. The firm has a market capitalization of $709.00 million and a PE ratio of -46.90. Once Upon A Farm has a 52 week low of $14.00 and a 52 week high of $27.00. The firm’s 50-day simple moving average is $16.91 and its 200 day simple moving average is $16.79.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. On average, research analysts expect that Once Upon A Farm will post -0.22 EPS for the current fiscal year.

Institutional Trading of Once Upon A Farm

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