Barfresh Food Group (NASDAQ:BRFH) Stock Rating Lowered by Zacks Research

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

Separately, Weiss Ratings downgraded Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $6.00.

Barfresh Food Group Price Performance

NASDAQ BRFH opened at $2.45 on Thursday. The stock’s 50-day moving average price is $2.68 and its two-hundred day moving average price is $2.93. The company has a current ratio of 0.38, a quick ratio of 0.23 and a debt-to-equity ratio of 0.35. The company has a market cap of $39.54 million, a PE ratio of -14.41 and a beta of 0.75. Barfresh Food Group has a 1 year low of $2.25 and a 1 year high of $6.08.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($0.05) earnings per share (EPS) for the quarter. Barfresh Food Group had a negative return on equity of 146.89% and a negative net margin of 15.34%. On average, analysts predict that Barfresh Food Group will post -0.04 EPS for the current year.

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC acquired a new position in shares of Barfresh Food Group Inc. (NASDAQ:BRFH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group at the end of the most recent quarter. Institutional investors and hedge funds own 22.66% of the company’s stock.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.