Zacks Investment Research Downgrades Barfresh Food Group (OTCMKTS:BRFH) to Hold

Barfresh Food Group (OTCMKTS:BRFH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, 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. “

Shares of BRFH stock opened at $0.63 on Wednesday. The business’s 50-day moving average price is $0.47. The stock has a market capitalization of $93.95 million, a price-to-earnings ratio of -21.00 and a beta of -0.32. Barfresh Food Group has a 1 year low of $0.17 and a 1 year high of $0.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.79 and a current ratio of 1.01.

Barfresh Food Group (OTCMKTS:BRFH) last announced its earnings results on Monday, May 17th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Barfresh Food Group had a negative net margin of 140.47% and a negative return on equity of 133.66%. The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.08 million. On average, research analysts forecast that Barfresh Food Group will post -0.01 EPS for the current fiscal year.

About Barfresh Food Group

Barfresh Food Group, Inc manufactures and distributes ready to blend frozen beverages in the United States. The company offers portion controlled and ready to blend beverage ingredient packs for smoothies, shakes, frappes, cocktails, and mocktails. It primarily serves the restaurant chains and the foodservice industry.

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