Zacks Investment Research upgraded shares of Barfresh Food Group Inc. (OTCMKTS:BRFH) from a hold rating to a buy rating in a report issued on Wednesday morning. The brokerage currently has $0.50 target price 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 decreased their target price on shares of Barfresh Food Group from $2.00 to $1.50 and set a buy rating for the company in a research report on Wednesday, November 15th.
Shares of Barfresh Food Group (OTCMKTS BRFH) opened at $0.60 on Wednesday. Barfresh Food Group has a 52-week low of $0.52 and a 52-week high of $0.83.
Barfresh Food Group (OTCMKTS:BRFH) last announced its quarterly earnings results on Tuesday, November 14th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Barfresh Food Group had a negative net margin of 521.81% and a negative return on equity of 110.07%. The firm had revenue of $0.68 million during the quarter, compared to analysts’ expectations of $1.85 million. analysts predict that Barfresh Food Group will post -0.06 earnings per share for the current fiscal year.
Barfresh Food Group Company Profile
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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