Barfresh Food Group Inc. (BRFH) Lifted to Buy at Zacks Investment Research
Barfresh Food Group Inc. (OTCMKTS:BRFH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $0.50 price target on the stock. Zacks Investment Research‘s price objective indicates a potential downside of 16.67% from the stock’s previous close.
According to Zacks, “Barfresh Food Group, Inc. is a developer, manufacturer and distributer of ready-to-blend beverages, including smoothies, shakes and frappes. The Company primarily provides its products to restaurant chains in the fast food and fast casual dining sector. It offers portion controlled ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as for cocktails and mocktails. Barfresh Food Group, Inc. is based in Denver, Colorado. “
Separately, Maxim Group dropped their price target on Barfresh Food Group from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 15th.
Barfresh Food Group (OTCMKTS BRFH) traded up $0.05 during mid-day trading on Wednesday, hitting $0.60. The stock had a trading volume of 70,988 shares, compared to its average volume of 36,743. Barfresh Food Group has a 52 week low of $0.52 and a 52 week high of $0.83.
Barfresh Food Group (OTCMKTS:BRFH) last posted its earnings results on Tuesday, November 14th. The company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02). Barfresh Food Group had a negative return on equity of 110.07% and a negative net margin of 521.81%. The company had revenue of $0.68 million for the quarter, compared to analyst estimates of $1.85 million. sell-side analysts forecast that Barfresh Food Group will post -0.06 EPS for the current fiscal year.
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Barfresh Food Group Company Profile
Barfresh Food Group, Inc is a manufacturer and distributor of ready to blend frozen beverages. The Company’s portfolio of products includes smoothies, shakes and frappes. All of the Company’s products are portion controlled beverage ingredient packs, suitable for smoothies, shakes and frappes that can also be utilized for cocktails and mocktails.
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