Barfresh Food Group Inc (OTCMKTS:BRFH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $0.75 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.16% from the stock’s current price.
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. “
Barfresh Food Group (OTCMKTS:BRFH) traded down 1.41% during trading on Friday, reaching $0.69. 68,506 shares of the company’s stock traded hands. The company has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.69. Barfresh Food Group has a 12-month low of $0.52 and a 12-month high of $0.83. The company’s market cap is $80.99 million.
Barfresh Food Group (OTCMKTS:BRFH) last posted its earnings results on Monday, May 15th. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). On average, equities research analysts forecast that Barfresh Food Group will post ($0.04) EPS for the current fiscal year.
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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