Barfresh Food Group (NASDAQ:BRFH) Lifted to “Buy” at Greenridge Global

Greenridge Global upgraded shares of Barfresh Food Group (NASDAQ:BRFH) from a hold rating to a buy rating in a research note released on Monday, Benzinga reports. Greenridge Global currently has $4.50 price objective on the stock. Greenridge Global also issued estimates for Barfresh Food Group’s Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at ($0.12) EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at $0.01 EPS and FY2025 earnings at $0.00 EPS.

Barfresh Food Group Trading Up 1.4 %

Shares of Barfresh Food Group stock opened at $3.40 on Monday. The business’s fifty day simple moving average is $3.48 and its 200 day simple moving average is $2.11. The firm has a market capitalization of $50.05 million, a P/E ratio of -18.89 and a beta of 0.48. Barfresh Food Group has a 12 month low of $1.00 and a 12 month high of $4.61.

Barfresh Food Group (NASDAQ:BRFH) last issued its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $1.46 million during the quarter, compared to the consensus estimate of $2.27 million. Barfresh Food Group had a negative net margin of 26.71% and a negative return on equity of 121.51%. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Analysts predict that Barfresh Food Group will post -0.08 EPS for the current fiscal year.

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) during the first quarter, according to its most recent filing with the SEC. The fund acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent filing with the SEC. Institutional investors own 22.66% of the company’s stock.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.