Zacks Investment Research upgraded shares of Barfresh Food Group (OTCMKTS:BRFH) from a hold rating to a buy rating in a research note published on Wednesday. The firm currently has $0.75 price objective on the stock.
According to Zacks, “Barfresh Food Group, Inc. is a developer, manufacturer and distributer of ready-to-blend beverages, including smoothies, shakes and frappes. The Company primarily provides its products to restaurant chains in the fast food and fast casual dining sector. It offers portion controlled ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as for cocktails and mocktails. Barfresh Food Group, Inc. is based in Denver, Colorado. “
Separately, Maxim Group lowered their price target on Barfresh Food Group from $2.00 to $1.50 and set a buy rating for the company in a report on Wednesday, November 15th.
Barfresh Food Group (OTCMKTS:BRFH) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $0.68 million during the quarter, compared to the consensus estimate of $1.85 million. Barfresh Food Group had a negative return on equity of 110.07% and a negative net margin of 521.81%. sell-side analysts forecast that Barfresh Food Group will post -0.07 EPS for the current fiscal year.
In other Barfresh Food Group news, major shareholder Ibex Investors Llc sold 491,782 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $0.57, for a total value of $280,315.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.23% of the stock is owned by corporate insiders.
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About Barfresh Food Group
Barfresh Food Group, Inc is a manufacturer and distributor of ready to blend frozen beverages. The Company’s portfolio of products includes smoothies, shakes and frappes. All of the Company’s products are portion controlled beverage ingredient packs, suitable for smoothies, shakes and frappes that can also be utilized for cocktails and mocktails.
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