CenterBook Partners LP acquired a new position in Once Upon A Farm (NYSE:OFRM – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 265,762 shares of the organic kids food company’s stock, valued at approximately $4,186,000.
A number of other large investors have also modified their holdings of the company. State Street Corp acquired a new stake in shares of Once Upon A Farm during the 2nd quarter valued at about $3,395,000. BlackRock Inc. increased its stake in shares of Once Upon A Farm by 225.9% in the 2nd quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock valued at $17,596,000 after purchasing an additional 595,571 shares in the last quarter. Nicholas Investment Partners LP increased its stake in shares of Once Upon A Farm by 271.9% in the 2nd quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after purchasing an additional 573,285 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Once Upon A Farm in the 2nd quarter worth about $10,240,000. Finally, Lisanti Capital Growth LLC acquired a new position in Once Upon A Farm in the 2nd quarter worth about $1,665,000.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on OFRM shares. TD Cowen lowered their price target on Once Upon A Farm from $18.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, November 3rd. Weiss Ratings upgraded Once Upon A Farm from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. boosted 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. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Finally, Bank of America lowered Once Upon A Farm from a “buy” rating to an “underperform” rating and decreased their target price for the company from $21.00 to $10.00 in a research report on Tuesday, November 3rd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.39.
Get Our Latest Stock Analysis on OFRM
Once Upon A Farm Stock Up 1.3%
OFRM opened at $9.27 on Friday. Once Upon A Farm has a twelve month low of $8.83 and a twelve month high of $27.00. The company has a 50-day moving average price of $15.86 and a 200 day moving average price of $17.29. The company has a market cap of $389.29 million and a PE ratio of -25.75.
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 the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. As a group, sell-side analysts expect that Once Upon A Farm will post -0.31 earnings per share for the current year.
Once Upon A Farm 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.
Featured Articles
- Five stocks we like better than Once Upon A Farm
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding OFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Once Upon A Farm (NYSE:OFRM – Free Report).
Receive News & Ratings for Once Upon A Farm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Once Upon A Farm and related companies with MarketBeat.com's FREE daily email newsletter.
