Sow Good (NASDAQ:SOWG) Downgraded to “Hold” Rating by Craig Hallum

Sow Good (NASDAQ:SOWG) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report released on Friday, Marketbeat.com reports. They currently have a $4.50 target price on the stock. Craig Hallum’s price objective would suggest a potential upside of 19.68% from the company’s previous close.

Separately, Roth Mkm downgraded shares of Sow Good from a “buy” rating to a “neutral” rating and reduced their target price for the company from $17.00 to $4.00 in a research note on Friday.

Sow Good Trading Down 11.3 %

Shares of SOWG stock opened at $3.76 on Friday. The stock has a 50-day moving average price of $10.27. Sow Good has a 12-month low of $3.75 and a 12-month high of $24.83. The company has a market capitalization of $38.50 million, a PE ratio of 6.06 and a beta of 1.96. The company has a quick ratio of 3.30, a current ratio of 5.13 and a debt-to-equity ratio of 0.06.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The business had revenue of $15.65 million during the quarter, compared to analysts’ expectations of $14.40 million. During the same period last year, the company posted ($0.68) EPS. As a group, research analysts predict that Sow Good will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Sow Good

Hedge funds have recently bought and sold shares of the business. Accredited Investors Inc. boosted its stake in shares of Sow Good by 181.2% during the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock valued at $2,939,000 after purchasing an additional 161,994 shares during the period. Marshall Wace LLP purchased a new position in shares of Sow Good during the second quarter worth approximately $1,826,000. Bard Associates Inc. raised its stake in shares of Sow Good by 43.3% during the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after acquiring an additional 73,445 shares in the last quarter. Swedbank AB purchased a new stake in shares of Sow Good in the second quarter valued at approximately $1,378,000. Finally, Perritt Capital Management Inc bought a new position in shares of Sow Good during the 2nd quarter worth $60,000. Institutional investors own 10.74% of the company’s stock.

Sow Good Company Profile

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.