Barfresh Food Group (NASDAQ:BRFH) Stock Rating Raised to “Hold” at Zacks Research

Barfresh Food Group (NASDAQ:BRFH) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Separately, Weiss Ratings cut shares of Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Barfresh Food Group currently has an average rating of “Reduce”.

Barfresh Food Group Stock Performance

Barfresh Food Group stock opened at $0.62 on Wednesday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.31 and a current ratio of 0.71. The stock has a fifty day moving average of $1.04 and a two-hundred day moving average of $1.79. The company has a market capitalization of $10.11 million, a price-to-earnings ratio of -2.70 and a beta of 0.76. Barfresh Food Group has a fifty-two week low of $0.56 and a fifty-two week high of $3.50.

Barfresh Food Group (NASDAQ:BRFH) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Barfresh Food Group had a negative return on equity of 295.15% and a negative net margin of 17.88%. On average, analysts anticipate that Barfresh Food Group will post -0.27 EPS for the current fiscal year.

Insider Activity

In other news, CFO Lisa Roger sold 25,329 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1.10, for a total transaction of $27,861.90. Following the sale, the chief financial officer owned 46,414 shares in the company, valued at $51,055.40. This trade represents a 35.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.70% of the stock is owned by company insiders.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes frozen, ready-to-blend beverage products for the foodservice industry. Its offerings include smoothies, shakes, frappes and frozen cocktail beverages, with products designed to simplify preparation and provide consistent portioning and quality.

The company’s products are marketed primarily to restaurants and other commercial foodservice operators, including hospitality, convenience and institutional customers. Barfresh’s preparation systems are intended to reduce the labor, storage and ingredient-management requirements associated with making blended beverages from scratch.

Barfresh serves customers through foodservice distribution and direct commercial relationships, with its business focused primarily on the United States and selected international markets.