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

by · The Cerbat Gem

Once Upon A Farm (NYSE:OFRM – Free Report) had its price objective trimmed by TD Cowen from $20.00 to $18.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the organic kids food company’s stock.

A number of other research firms have also recently weighed in on OFRM. Barclays upped their price objective 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 began coverage on Once Upon A Farm in a research note on Thursday, October 8th. They set a “buy” rating and a $24.50 target price for the company. JPMorgan Chase & Co. lifted their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Once Upon A Farm from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, 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. Six 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. According to data from MarketBeat, Once Upon A Farm currently has a consensus rating of “Hold” and a consensus price target of $25.72.

Read Our Latest Stock Analysis on OFRM

Once Upon A Farm Stock Up 4.2%

OFRM opened at $17.32 on Tuesday. The company has a fifty day simple moving average of $16.88 and a 200 day simple moving average of $16.81. Once Upon A Farm has a twelve month low of $14.00 and a twelve month high of $27.00.

Once Upon A Farm (NYSE:OFRM – Get Free Report) 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, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $85.39 million for the quarter. Equities research analysts forecast that Once Upon A Farm will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Once Upon A Farm

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in Once Upon A Farm during the 3rd quarter valued at $39,000. Bank of New York Mellon Corp acquired a new position in Once Upon A Farm during the 2nd quarter worth $781,000. Lisanti Capital Growth LLC bought a new stake in shares of Once Upon A Farm in the 2nd quarter worth about $1,665,000. Public Employees Retirement System of Ohio increased its position in shares of Once Upon A Farm by 18.6% in 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 last quarter. Finally, Deutsche Bank AG raised its stake in shares of Once Upon A Farm by 3.0% in the 2nd 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 in the last quarter.

Once Upon A Farm Company Profile

(Get Free Report)

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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