JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Once Upon A Farm (NYSE:OFRM) Stock

Once Upon A Farm (NYSE:OFRM) had its price target upped by research analysts at JPMorgan Chase & Co. from $22.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the organic kids food company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 55.97% from the stock’s previous close.

Several other research firms have also recently weighed in on OFRM. Evercore set a $23.00 target price on Once Upon A Farm in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. TD Cowen dropped their price objective on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Barclays cut their target price on shares of Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. Five 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.75.

Once Upon A Farm Price Performance

Shares of Once Upon A Farm stock traded down $0.76 during midday trading on Friday, hitting $16.67. The company’s stock had a trading volume of 384,311 shares, compared to its average volume of 570,403. The stock has a market cap of $698.47 million and a price-to-earnings ratio of -69.45. The company’s 50-day simple moving average is $17.80. Once Upon A Farm has a 1-year low of $14.00 and a 1-year high of $27.00.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $85.39 million for the quarter. On average, analysts forecast that Once Upon A Farm will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Once Upon A Farm stock. Bank of New York Mellon Corp purchased a new position in Once Upon A Farm (NYSE:OFRM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 38,125 shares of the organic kids food company’s stock, valued at approximately $781,000. Bank of New York Mellon Corp owned 0.09% of Once Upon A Farm as of its most recent SEC filing.

About Once Upon A Farm

Once Upon A Farm (NYSE: OFRM) is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.