Barfresh Food Group (NASDAQ:BRFH) Announces Quarterly Earnings Results

Barfresh Food Group (NASDAQ:BRFH) issued its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. Barfresh Food Group had a negative return on equity of 176.38% and a negative net margin of 27.38%.The business had revenue of $4.23 million for the quarter, compared to analyst estimates of $4.36 million.

Barfresh Food Group Trading Up 4.6%

NASDAQ:BRFH traded up $0.14 on Friday, reaching $3.18. 14,162 shares of the stock traded hands, compared to its average volume of 27,658. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. Barfresh Food Group has a 1-year low of $2.00 and a 1-year high of $6.08. The company’s 50 day moving average is $3.30 and its 200-day moving average is $3.01. The firm has a market capitalization of $50.69 million, a price-to-earnings ratio of -15.90 and a beta of 1.00.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a report on Thursday, October 30th. Maxim Group boosted their target price on shares of Barfresh Food Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.