Barfresh Food Group (NASDAQ:BRFH) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Barfresh Food Group (NASDAQ:BRFH) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

Separately, Weiss Ratings lowered Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.00.

Barfresh Food Group Stock Performance

Shares of NASDAQ BRFH opened at $2.45 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.23 and a current ratio of 0.38. The firm has a market cap of $39.54 million, a price-to-earnings ratio of -14.41 and a beta of 0.75. The business’s 50-day simple moving average is $2.68 and its 200-day simple moving average is $2.93. Barfresh Food Group has a 52 week low of $2.25 and a 52 week high of $6.08.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($0.05) EPS for the quarter. Barfresh Food Group had a negative net margin of 15.34% and a negative return on equity of 146.89%. As a group, equities research analysts expect that Barfresh Food Group will post -0.04 earnings per share for the current fiscal year.

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC bought a new stake in Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned about 0.11% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the stock is owned by institutional investors and hedge funds.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.