Zacks: Analysts Expect The Real Good Food Company, Inc. (NASDAQ:RGF) Will Announce Quarterly Sales of $32.48 Million

Brokerages predict that The Real Good Food Company, Inc. (NASDAQ:RGFGet Rating) will announce sales of $32.48 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Real Good Food’s earnings, with estimates ranging from $30.00 million to $33.70 million. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Real Good Food will report full-year sales of $143.65 million for the current financial year, with estimates ranging from $140.00 million to $145.00 million. For the next year, analysts anticipate that the business will post sales of $185.65 million, with estimates ranging from $175.00 million to $195.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Real Good Food.

RGF has been the subject of a number of analyst reports. Roth Capital initiated coverage on shares of Real Good Food in a research note on Tuesday, March 8th. They issued a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research cut shares of Real Good Food from a “buy” rating to a “hold” rating in a research note on Thursday, March 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Real Good Food currently has a consensus rating of “Buy” and a consensus target price of $12.19.

Shares of NASDAQ RGF traded down $0.11 during midday trading on Friday, reaching $7.65. The stock had a trading volume of 16,700 shares, compared to its average volume of 33,829. The business’s 50-day simple moving average is $6.77. Real Good Food has a 12-month low of $4.56 and a 12-month high of $12.75.

In other Real Good Food news, Director Deanna T. Brady acquired 5,993 shares of the stock in a transaction on Tuesday, March 15th. The stock was acquired at an average price of $6.14 per share, for a total transaction of $36,797.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Real Good Food in the 4th quarter worth about $63,000. Envestnet Asset Management Inc. bought a new stake in shares of Real Good Food in the 4th quarter worth about $75,000. BlackRock Inc. bought a new stake in shares of Real Good Food in the 4th quarter worth about $108,000. Woodline Partners LP bought a new stake in shares of Real Good Food in the 4th quarter worth about $155,000. Finally, Millennium Management LLC bought a new stake in shares of Real Good Food in the 4th quarter worth about $187,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

Real Good Food Company Profile (Get Rating)

The Real Good Food Company, Inc focuses on operating as a holding company for The Real Good Food Company, LLC that operates as a health- and wellness-focused frozen food company. It develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients in the United States.

Featured Stories

Get a free copy of the Zacks research report on Real Good Food (RGF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Real Good Food (NASDAQ:RGF)

Receive News & Ratings for Real Good Food Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Real Good Food and related companies with MarketBeat.com's FREE daily email newsletter.