Barfresh Food Group (OTCMKTS:BRFH) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Barfresh Food Group (OTCMKTS:BRFH) from a hold rating to a buy rating in a research report released on Thursday, January 11th. Zacks Investment Research currently has $0.50 price target 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 price target on Barfresh Food Group from $2.00 to $1.50 and set a buy rating for the company in a research note on Wednesday, November 15th.

Shares of Barfresh Food Group (OTCMKTS:BRFH) remained flat at $$0.47 during trading on Thursday. 6,640 shares of the stock traded hands, compared to its average volume of 91,120. The company has a market capitalization of $55.66, a price-to-earnings ratio of -5.22 and a beta of 0.46. Barfresh Food Group has a 1-year low of $0.36 and a 1-year high of $0.82.

Barfresh Food Group (OTCMKTS:BRFH) last announced its earnings results on Tuesday, November 14th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company 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 anticipate that Barfresh Food Group will post -0.07 EPS for the current year.

In other Barfresh Food Group news, major shareholder Ibex Investors Llc sold 491,782 shares of Barfresh Food Group stock in a transaction that occurred on 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 this hyperlink. Insiders own 37.23% of the company’s stock.

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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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