Wall Street Zen upgraded shares of Once Upon A Farm (NYSE:OFRM – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.
OFRM has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Barclays raised their price target on Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded 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 started coverage on Once Upon A Farm in a research note on Thursday, October 8th. They set a “buy” rating and a $24.50 price target on the stock. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.72.
Read Our Latest Analysis on OFRM
Once Upon A Farm Trading Down 2.8%
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 for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million during the quarter. As a group, research analysts forecast that Once Upon A Farm will post -0.22 EPS for the current year.
Institutional Trading of Once Upon A Farm
A number of hedge funds and other institutional investors have recently made changes to their positions in OFRM. Deutsche Bank AG boosted its holdings in Once Upon A Farm by 3.0% in the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock valued at $2,109,000 after purchasing an additional 2,990 shares during the last quarter. Public Employees Retirement System of Ohio grew its position 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 worth $1,781,000 after purchasing an additional 13,611 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Once Upon A Farm during the 2nd quarter valued at about $781,000. Lisanti Capital Growth LLC purchased a new position in shares of Once Upon A Farm during the 2nd quarter valued at about $1,665,000. Finally, State Street Corp purchased a new position in shares of Once Upon A Farm during the 2nd quarter valued at about $3,395,000.
About Once Upon A Farm
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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