FY2022 EPS Estimates for Barfresh Food Group, Inc. Lowered by Greenridge Global (NASDAQ:BRFH)

Barfresh Food Group, Inc. (NASDAQ:BRFHGet Rating) – Research analysts at Greenridge Global decreased their FY2022 EPS estimates for shares of Barfresh Food Group in a research report issued on Tuesday, November 15th. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings per share of ($0.40) for the year, down from their previous estimate of ($0.18). The consensus estimate for Barfresh Food Group’s current full-year earnings is ($0.18) per share. Greenridge Global also issued estimates for Barfresh Food Group’s Q4 2022 earnings at ($0.07) EPS, Q1 2023 earnings at ($0.04) EPS, Q2 2023 earnings at $0.00 EPS, Q4 2023 earnings at $0.03 EPS and FY2023 earnings at $0.03 EPS.

Separately, Maxim Group dropped their target price on shares of Barfresh Food Group from $13.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday.

Barfresh Food Group Stock Down 8.1 %

Shares of NASDAQ BRFH opened at $1.41 on Thursday. Barfresh Food Group has a fifty-two week low of $1.25 and a fifty-two week high of $13.38. The firm’s 50-day simple moving average is $2.61 and its 200 day simple moving average is $4.03.

Hedge Funds Weigh In On Barfresh Food Group

Several hedge funds have recently modified their holdings of the company. UBS Group AG purchased a new stake in shares of Barfresh Food Group during the 1st quarter worth approximately $25,000. Northern Trust Corp purchased a new stake in shares of Barfresh Food Group during the 2nd quarter worth approximately $59,000. Shay Capital LLC purchased a new stake in shares of Barfresh Food Group during the 1st quarter worth approximately $371,000. HighTower Advisors LLC purchased a new stake in shares of Barfresh Food Group during the 1st quarter worth approximately $620,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Barfresh Food Group during the 1st quarter worth approximately $2,218,000. Institutional investors own 20.59% of the company’s stock.

About Barfresh Food Group

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Barfresh Food Group, Inc manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. The company offers smoothies, shakes and frappes in various formats comprising ready-to-drink bottled, easy pour, juice concentrates, and single serve. The company was founded in 2009 and is based in Los Angeles, California.

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Earnings History and Estimates for Barfresh Food Group (NASDAQ:BRFH)

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