Barfresh Food Group (OTCMKTS:BRFH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
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 dropped their target price on Barfresh Food Group from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 15th.
Barfresh Food Group (OTCMKTS:BRFH) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The firm had revenue of $0.68 million for 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%. analysts anticipate that Barfresh Food Group will post -0.07 earnings per share for the current year.
In related news, major shareholder Ibex Investors Llc sold 491,782 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. 37.23% of the stock is owned by corporate insiders.
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About Barfresh Food Group
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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