Once Upon A Farm (NYSE:OFRM) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Once Upon A Farm (NYSE:OFRM) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other brokerages have also recently weighed in on OFRM. JPMorgan Chase & Co. raised their target price 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. TD Cowen dropped their price target on shares of Once Upon A Farm from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Barclays boosted their price target on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, August 12th. Finally, Freedom Broker began coverage on shares of Once Upon A Farm in a research report on Thursday, October 8th. They set a “buy” rating and a $24.50 price objective for the company. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.72.

Once Upon A Farm Stock Down 0.2%

Shares of NYSE OFRM opened at $15.89 on Friday. Once Upon A Farm has a 1 year low of $14.00 and a 1 year high of $27.00. The stock has a fifty day moving average price of $16.79 and a two-hundred day moving average price of $17.56.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. On average, research analysts expect that Once Upon A Farm will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Once Upon A Farm

Institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC acquired a new position in shares of Once Upon A Farm in the 3rd quarter worth $638,000. State of Alaska Department of Revenue purchased a new stake in shares of Once Upon A Farm during the third quarter valued at $39,000. State Street Corp acquired a new position in shares of Once Upon A Farm in the 2nd quarter valued at $3,395,000. Alyeska Investment Group L.P. acquired a new position in shares of Once Upon A Farm in the 2nd quarter valued at $10,240,000. Finally, Public Employees Retirement System of Ohio boosted 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 valued at $1,781,000 after purchasing an additional 13,611 shares during the period.

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.