Barfresh Food Group (OTCMKTS:BRFH) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Barfresh Food Group (OTCMKTS:BRFH) from a hold rating to a sell rating in a report issued on Monday, Zacks.com reports.

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 research analysts have also issued research reports about the company. Greenridge Global reiterated a buy rating on shares of Barfresh Food Group in a research report on Tuesday, April 2nd. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Finally, Maxim Group set a $8.00 price target on TrovaGene and gave the stock a buy rating in a research report on Tuesday, April 2nd.

Shares of BRFH stock opened at $0.46 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.21. Barfresh Food Group has a 1 year low of $0.38 and a 1 year high of $0.81. The stock’s fifty day simple moving average is $0.50.

Barfresh Food Group (OTCMKTS:BRFH) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Barfresh Food Group had a negative return on equity of 888.69% and a negative net margin of 176.22%. The company had revenue of $0.84 million during the quarter, compared to analyst estimates of $0.98 million. Equities analysts expect that Barfresh Food Group will post -0.04 EPS for the current year.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc 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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