The Real Good Food Company, Inc. (NASDAQ: RGF) Expected to Announce Quarterly Sales of $ 32.48 Million


Wall Street analysts expect that The Real Good Food Company, Inc. (NASDAQ: RGF – Get Rating) will announce sales of $ 32.48 million for the current fiscal quarter, Zacks Investment Research reports. 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 scheduled to issue its next quarterly earnings report before the market opens 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 fiscal year, analysts expect that the firm will post sales of $ 185.65 million, with estimates ranging from $ 175.00 million to $ 195.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that provide coverage for Real Good Food.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Real Good Food from a “buy” rating to a “hold” rating in a report on Thursday, March 17th. Roth Capital started coverage on Real Good Food in a research note on Tuesday, March 8th. They issued a “buy” rating and a $ 11.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $ 12.19.

In other news, Director Deanna T. Brady purchased 5,993 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS purchased a new position in shares of Real Good Food during the fourth quarter valued at $ 803,000. Renaissance Technologies LLC purchased a new position in shares of Real Good Food during the first quarter valued at $ 82,000. Northern Trust Corp increased its stake in shares of Real Good Food by 304.3% during the first quarter. Northern Trust Corp now owns 10,286 shares of the company’s stock valued at $ 81,000 after buying an additional 7,742 shares during the period. Virtu Financial LLC purchased a new position in shares of Real Good Food during the fourth quarter valued at $ 63,000. Finally, Advisor Group Holdings Inc. boosted its position in Real Good Food by 70.3% during the first quarter. Advisor Group Holdings Inc. now owns 4,558 shares of the company’s stock valued at $ 36,000 after purchasing an additional 1,882 shares in the last quarter. Hedge funds and other institutional investors own 17.01% of the company’s stock.

NASDAQ: RGF opened at $ 6.93 on Friday. The firm’s fifty day moving average is $ 7.15. Real Good Food has a fifty-two week low of $ 4.56 and a fifty-two week high of $ 12.75.

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.

Featured Stories

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

For more information about research offers 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 analyzes’ ratings for Real Good Food and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker