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

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

Barfresh Food Group Stock Performance

Barfresh Food Group stock traded down $0.39 during midday trading on Friday, reaching $2.05. 53,652 shares of the company were exchanged, compared to its average volume of 257,440. The firm’s 50-day simple moving average is $3.03 and its 200-day simple moving average is $2.69. Barfresh Food Group has a 1 year low of $1.00 and a 1 year high of $4.61. The company has a market capitalization of $30.18 million, a price-to-earnings ratio of -11.72 and a beta of 0.44.

Analysts Set New Price Targets

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note 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.