Zacks Investment Research downgraded shares of Barfresh Food Group Inc. (OTCMKTS:BRFH) from a buy rating to a hold rating in a report published on Thursday.

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 decreased their price target on shares of Barfresh Food Group from $2.00 to $1.50 and set a buy rating on the stock in a research note on Wednesday, November 15th.

Barfresh Food Group (OTCMKTS:BRFH) traded down $0.01 during mid-day trading on Thursday, hitting $0.59. 2,000 shares of the company traded hands, compared to its average volume of 37,538. Barfresh Food Group has a fifty-two week low of $0.52 and a fifty-two week high of $0.83.

Barfresh Food Group (OTCMKTS:BRFH) last released its quarterly earnings results on Tuesday, November 14th. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). Barfresh Food Group had a negative net margin of 521.81% and a negative return on equity of 110.07%. The business had revenue of $0.68 million for the quarter, compared to the consensus estimate of $1.85 million. research analysts anticipate that Barfresh Food Group will post -0.07 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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