Once Upon A Farm (NYSE:OFRM) Stock Gets Price Target Reduction from TD Cowen

Once Upon A Farm (NYSE:OFRM) had its price target decreased by TD Cowen from $18.00 to $13.00 in a research report report published on Tuesday,Benzinga reports. TD Cowen currently has a hold rating on the organic kids food company’s stock.

Other research analysts also recently issued research reports about the company. Bank of America downgraded Once Upon A Farm from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $21.00 to $10.00 in a research note on Tuesday. Barclays boosted their price objective on 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. Freedom Broker assumed coverage on Once Upon A Farm in a research note on Thursday, October 8th. They set a “buy” rating and a $24.50 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.39.

Once Upon A Farm Stock Performance

NYSE OFRM opened at $9.23 on Tuesday. The company has a market capitalization of $387.70 million and a PE ratio of -25.65. The business’s fifty day moving average is $16.01 and its 200 day moving average is $17.34. Once Upon A Farm has a fifty-two week low of $8.83 and a fifty-two week high of $27.00.

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The company had revenue of $85.39 million for the quarter. On average, sell-side analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Once Upon A Farm

A number of hedge funds and other institutional investors have recently modified their holdings of OFRM. Kornitzer Capital Management Inc. KS bought a new stake in Once Upon A Farm in the 3rd quarter valued at $717,000. CenterBook Partners LP purchased a new stake in Once Upon A Farm in the 3rd quarter worth $4,186,000. Inspire Investing LLC purchased a new stake in Once Upon A Farm in the 3rd quarter worth $638,000. State of Alaska Department of Revenue purchased a new stake in Once Upon A Farm in the 3rd quarter worth $39,000. Finally, State Street Corp bought a new position in shares of Once Upon A Farm during the 2nd quarter valued at about $3,395,000.

Once Upon A Farm Company Profile

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.