The Real Good Food Company, Inc. (NASDAQ:RGF) Expected to Post Q2 2022 Earnings of ($0.19) Per Share

The Real Good Food Company, Inc. (NASDAQ:RGFGet Rating) – Investment analysts at Jefferies Financial Group lowered their Q2 2022 earnings per share estimates for shares of Real Good Food in a research report issued on Wednesday, May 25th. Jefferies Financial Group analyst R. Dickerson now expects that the company will post earnings per share of ($0.19) for the quarter, down from their previous estimate of ($0.15). Jefferies Financial Group also issued estimates for Real Good Food’s Q3 2022 earnings at ($0.13) EPS, Q4 2022 earnings at ($0.06) EPS, FY2022 earnings at ($0.54) EPS, Q1 2023 earnings at $0.01 EPS, Q2 2023 earnings at ($0.08) EPS, Q4 2023 earnings at $0.07 EPS, FY2023 earnings at ($0.01) EPS and FY2024 earnings at $0.31 EPS.

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

Shares of NASDAQ:RGF opened at $5.96 on Monday. The business’s 50-day moving average is $7.09 and its 200 day moving average is $6.94. Real Good Food has a 1 year low of $4.56 and a 1 year high of $12.75.

Several hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. raised its stake in shares of Real Good Food by 70.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,558 shares of the company’s stock worth $36,000 after buying an additional 1,882 shares during the period. Virtu Financial LLC purchased a new stake in Real Good Food in the 4th quarter worth $63,000. Northern Trust Corp raised its position in Real Good Food by 304.3% during the first quarter. Northern Trust Corp now owns 10,286 shares of the company’s stock worth $81,000 after acquiring an additional 7,742 shares during the period. Renaissance Technologies LLC purchased a new position in Real Good Food during the first quarter valued at $82,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Real Good Food in the fourth quarter valued at about $75,000. 17.01% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Deanna T. Brady bought 5,993 shares of the stock in a transaction dated Tuesday, March 15th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $36,797.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Real Good Food Company Profile (Get Rating)

The Real Good Food Company, Inc, through its subsidiary, Real Good Foods, LLC operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients.

See Also

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

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