Once Upon A Farm (NYSE:OFRM) Stock Gets Downgrade from Wall Street Zen

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

Other analysts have also recently issued reports about the stock. Barclays upped their target price 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. Freedom Broker initiated coverage on Once Upon A Farm in a research report on Thursday, October 8th. They issued a “buy” rating and a $24.50 price target for the company. Weiss Ratings raised Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on 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. Finally, TD Cowen decreased their price objective on Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.72.

Once Upon A Farm Stock Down 0.0%

Once Upon A Farm stock opened at $15.92 on Friday. The company has a market cap of $668.40 million and a price-to-earnings ratio of -44.22. The firm’s fifty day moving average is $16.79 and its 200 day moving average is $16.86. Once Upon A Farm has a 52-week low of $14.00 and a 52-week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last released 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 business had revenue of $85.39 million for the quarter. On average, equities research analysts anticipate that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Once Upon A Farm in the third quarter valued at $638,000. State of Alaska Department of Revenue purchased a new position in shares of Once Upon A Farm during the 3rd quarter worth about $39,000. State Street Corp purchased a new position in shares of Once Upon A Farm during the 2nd quarter worth about $3,395,000. Alyeska Investment Group L.P. purchased a new position in shares of Once Upon A Farm during the 2nd quarter worth about $10,240,000. Finally, Public Employees Retirement System of Ohio grew its holdings in 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.

About Once Upon A Farm

Once Upon a Farm is a U.S.-based food company focused on organic, refrigerated foods for babies, children and families. Its products are designed around fruits, vegetables and other minimally processed ingredients.

The company’s offerings have included refrigerated baby food pouches, toddler meals, kids’ snacks, smoothies and other family-oriented products. Once Upon a Farm distributes its products through grocery retailers, mass merchants and online channels in the United States.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner joining as a co-founder and brand partner.