Barfresh Food Group Receives a Buy from Maxim Group

By Jason Carr

In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Barfresh Food Group (NASDAQ: BRFH), with a price target of $1.50. The company’s shares closed yesterday at $0.68.

Vendetti observed:

“Yesterday, after the Market close, BRFH reported slightly lower 1Q18 revenue and better-than-expected gross margin, primarily due to increased economies of scale and product mix.”

Vendetti has an average return of 11.7% when recommending Barfresh Food Group.

According to TipRanks.com, Vendetti is ranked #609 out of 4800 analysts.

Barfresh Food Group has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.

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The company has a one-year high of $0.82 and a one-year low of $0.35. Currently, Barfresh Food Group has an average volume of 67.04K.

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Barfresh Food Group, Inc. engages in the development, manufacture and distribution of ready to blend frozen beverages for restaurants chains, and the foodservices industry. Its portfolio of products is comprised of smoothies, shakes and frappes. The company was founded by Riccardo Delle Coste in 2005 and is headquartered in Beverly Hills, CA.