Barfresh Food Group (NASDAQ:BRFH) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Barfresh Food Group (NASDAQ:BRFH) from a strong sell rating to a hold rating in a report released on Wednesday,Zacks reports.

Separately, Weiss Ratings cut Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Barfresh Food Group Trading Up 0.9%

NASDAQ BRFH opened at $0.62 on Wednesday. The stock has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.79. The company has a market capitalization of $10.11 million, a PE ratio of -2.70 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.31 and a debt-to-equity ratio of 4.41. Barfresh Food Group has a 12 month low of $0.56 and a 12 month high of $3.50.

Barfresh Food Group (NASDAQ:BRFH) last issued its earnings results on Friday, August 14th. The company reported ($0.12) earnings per share (EPS) 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%. Research analysts forecast that Barfresh Food Group will post -0.27 EPS for the current year.

Insider Buying and Selling at Barfresh Food Group

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