Maxim Group Increases Barfresh Food Group (NASDAQ:BRFH) Price Target to $6.00

Key Points

• Maxim Group has raised the price target for Barfresh Food Group's stock from $5.00 to $6.00, indicating a potential upside of 39.21% from its current price.
• Barfresh Food Group's stock increased by 12.2% during trading, reaching $4.31, with a significant trading volume of over 1.3 million shares.
• For the last quarter, Barfresh reported a revenue of $1.63 million, which fell short of analyst estimates of $2.14 million, and its fiscal year 2025 guidance suggests an EPS of -0.13.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) had its target price hoisted by Maxim Group from $5.00 to $6.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Maxim Group's price objective would suggest a potential upside of 55.84% from the company's previous close.

Barfresh Food Group Stock Down 4.7%

NASDAQ BRFH traded down $0.19 during trading hours on Friday, hitting $3.85. The company had a trading volume of 63,100 shares, compared to its average volume of 192,080. Barfresh Food Group has a 52 week low of $1.81 and a 52 week high of $6.08. The firm has a 50 day simple moving average of $3.02 and a 200 day simple moving average of $2.93. The company has a quick ratio of 0.85, a current ratio of 1.97 and a debt-to-equity ratio of 0.03.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $1.63 million during the quarter, compared to the consensus estimate of $2.14 million. Barfresh Food Group had a negative return on equity of 176.38% and a negative net margin of 27.38%. Barfresh Food Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Barfresh Food Group will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC increased its holdings in shares of Barfresh Food Group Inc. (NASDAQ:BRFH - Free Report) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,255 shares of the company's stock after purchasing an additional 26,316 shares during the quarter. HighTower Advisors LLC owned 0.98% of Barfresh Food Group worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 22.66% of the company's stock.

Barfresh Food Group Company Profile

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.