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

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

Separately, Weiss Ratings downgraded Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Barfresh Food Group has an average rating of “Reduce”.

Barfresh Food Group Stock Performance

Shares of BRFH stock opened at $0.62 on Wednesday. The firm’s 50 day moving average price is $1.04 and its 200-day moving average price is $1.79. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.31 and a current ratio of 0.71. Barfresh Food Group has a one year low of $0.56 and a one year high of $3.50. The firm has a market cap of $10.11 million, a P/E ratio of -2.70 and a beta of 0.76.

Barfresh Food Group (NASDAQ:BRFH) last posted its earnings results on Friday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts predict that Barfresh Food Group will post -0.27 EPS for the current year.

Insider Activity

In other Barfresh Food Group news, CFO Lisa Roger sold 25,329 shares of Barfresh Food Group stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1.10, for a total value of $27,861.90. Following the sale, the chief financial officer owned 46,414 shares of the company’s stock, valued at approximately $51,055.40. The trade was a 35.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.70% of the stock is currently 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.