Barfresh Food Group (NASDAQ:BRFH) Lowered to Strong Sell Rating by Zacks Research

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

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

Barfresh Food Group Price Performance

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

Barfresh Food Group (NASDAQ:BRFH) last announced 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%. Research analysts predict that Barfresh Food Group will post -0.04 earnings per share for the current 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 position in Barfresh Food Group Inc. (NASDAQ:BRFH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 22.66% of the company’s stock.

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.