Barfresh Food Group (NASDAQ:BRFH) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Barfresh Food Group (NASDAQ:BRFH) announced its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), Zacks reports. The business had revenue of $3.64 million for the quarter, compared to analyst estimates of $3.62 million. Barfresh Food Group had a negative return on equity of 131.72% and a negative net margin of 29.91%. During the same quarter in the previous year, the business posted ($0.04) earnings per share.

Barfresh Food Group Stock Down 16.0 %

Shares of Barfresh Food Group stock traded down $0.39 on Friday, hitting $2.05. 53,655 shares of the company traded hands, compared to its average volume of 257,440. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The company has a market cap of $30.18 million, a PE ratio of -11.39 and a beta of 0.44. The company has a 50-day moving average price of $3.00 and a 200 day moving average price of $2.71.

Analysts Set New Price Targets

Separately, Greenridge Global upgraded shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Monday, August 19th.

About Barfresh Food Group

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.