Craig Hallum Downgrades Sow Good (NASDAQ:SOWG) to Hold

Sow Good (NASDAQ:SOWG) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. They presently have a $4.50 price objective on the stock. Craig Hallum’s price objective suggests a potential upside of 6.13% from the stock’s previous close.

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

Sow Good Price Performance

Sow Good stock opened at $4.24 on Friday. The firm has a market capitalization of $43.42 million, a price-to-earnings ratio of 6.84 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. The business’s fifty day moving average is $10.56. Sow Good has a 52-week low of $3.92 and a 52-week high of $24.83.

Sow Good (NASDAQ:SOWG) last announced its earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. The company had revenue of $15.65 million for the quarter, compared to analysts’ expectations of $14.40 million. During the same quarter in the prior year, the business earned ($0.68) earnings per share. On average, equities research analysts predict that Sow Good will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Sow Good

Large investors have recently modified their holdings of the business. Abound Wealth Management bought a new position in shares of Sow Good in the 2nd quarter valued at about $33,000. Perritt Capital Management Inc acquired a new position in shares of Sow Good in the second quarter valued at $60,000. Swedbank AB bought a new stake in shares of Sow Good during the second quarter worth approximately $1,378,000. Accredited Investors Inc. bought a new position in Sow Good during the 2nd quarter worth $1,789,000. Finally, Marshall Wace LLP acquired a new stake in Sow Good in the 2nd quarter worth about $1,826,000. 10.74% of the stock is currently owned by institutional investors.

About Sow Good

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.