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

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 research report on Wednesday, November 15th.

Barfresh Food Group (BRFH) opened at $0.55 on Thursday. Barfresh Food Group has a 1 year low of $0.50 and a 1 year high of $0.82.

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

In other news, major shareholder Ibex Investors Llc sold 491,782 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $0.57, for a total transaction of $280,315.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 37.23% of the company’s stock.

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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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