Zacks Investment Research lowered shares of Barfresh Food Group (OTCMKTS:BRFH) from a hold rating to a sell rating in a research note released on Friday morning.
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. “
Other equities analysts have also issued research reports about the company. Maxim Group reiterated a buy rating and issued a $1.50 price target on shares of Barfresh Food Group in a research note on Thursday, March 8th. ValuEngine upgraded Barfresh Food Group from a sell rating to a hold rating in a research note on Wednesday, April 4th.
Shares of BRFH opened at $0.67 on Friday. Barfresh Food Group has a 52-week low of $0.35 and a 52-week high of $0.82. The firm has a market capitalization of $79.53, a PE ratio of -6.09 and a beta of -0.02.
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About Barfresh Food Group
Barfresh Food Group, Inc creates, manufactures, and distributes ready to blend frozen beverages in the United States. It offers portion controlled and ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as cocktails and mocktails. The company was founded in 2009 and is headquartered in Beverly Hills, California.
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