Barfresh Food Group (NASDAQ:BRFH) Lowered to Strong Sell Rating by Zacks Research

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

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

Barfresh Food Group Stock Performance

Shares of BRFH stock opened at $2.45 on Thursday. 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 firm has a fifty day moving average price of $2.68 and a 200 day moving average price of $2.93. The company has a market cap of $39.54 million, a P/E ratio of -14.41 and a beta of 0.75. Barfresh Food Group has a 12 month low of $2.25 and a 12 month high of $6.08.

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

Institutional Investors Weigh In On Barfresh Food Group

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

Barfresh Food Group Company Profile

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.