William Blair Equities Analysts Cut Earnings Estimates for The Real Good Food Company, Inc. (NASDAQ:RGF)

The Real Good Food Company, Inc. (NASDAQ:RGFGet Rating) – Analysts at William Blair lowered their Q3 2022 EPS estimates for shares of Real Good Food in a research note issued on Thursday, September 15th. William Blair analyst J. Andersen now expects that the company will earn ($0.17) per share for the quarter, down from their prior estimate of ($0.15). The consensus estimate for Real Good Food’s current full-year earnings is ($0.60) per share. William Blair also issued estimates for Real Good Food’s Q4 2022 earnings at ($0.07) EPS.

Real Good Food Stock Performance

Shares of NASDAQ:RGF opened at $7.50 on Monday. Real Good Food has a 12 month low of $4.56 and a 12 month high of $12.75. The company’s 50-day moving average price is $6.80 and its two-hundred day moving average price is $6.80. The company has a debt-to-equity ratio of 4.32, a current ratio of 2.15 and a quick ratio of 1.01.

Institutional Trading of Real Good Food

Several hedge funds have recently bought and sold shares of RGF. Citadel Advisors LLC raised its holdings in shares of Real Good Food by 1.3% in the second quarter. Citadel Advisors LLC now owns 219,208 shares of the company’s stock valued at $1,541,000 after purchasing an additional 2,891 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Real Good Food by 24.1% in the second quarter. Anchor Capital Advisors LLC now owns 57,300 shares of the company’s stock valued at $403,000 after buying an additional 11,140 shares in the last quarter. Millrace Asset Group Inc. grew its stake in shares of Real Good Food by 51.1% in the second quarter. Millrace Asset Group Inc. now owns 341,481 shares of the company’s stock valued at $2,401,000 after buying an additional 115,482 shares in the last quarter. Renaissance Technologies LLC bought a new position in Real Good Food during the first quarter worth $82,000. Finally, Northern Trust Corp boosted 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 purchasing an additional 7,742 shares during the period. 16.43% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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

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