BranchOut Food (NASDAQ:BOF) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of BranchOut Food (NASDAQ:BOF) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of BranchOut Food in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

BranchOut Food Stock Performance

BOF stock opened at $3.43 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53. The company has a 50 day moving average price of $3.76 and a 200 day moving average price of $3.43. BranchOut Food has a fifty-two week low of $1.65 and a fifty-two week high of $4.95. The stock has a market capitalization of $50.01 million, a PE ratio of -5.81 and a beta of 0.87.

BranchOut Food (NASDAQ:BOF) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. BranchOut Food had a negative return on equity of 147.57% and a negative net margin of 53.27%.The company had revenue of $2.61 million during the quarter.

Insider Activity

In other news, major shareholder Daniel Louis Kaufman sold 255,951 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $3.29, for a total value of $842,078.79. Following the completion of the transaction, the insider owned 1,403,506 shares of the company’s stock, valued at $4,617,534.74. The trade was a 15.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On BranchOut Food

Several institutional investors and hedge funds have recently made changes to their positions in BOF. Evernest Financial Advisors LLC grew its holdings in shares of BranchOut Food by 579.6% in the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock valued at $362,000 after buying an additional 150,700 shares during the period. Crewe Advisors LLC acquired a new position in shares of BranchOut Food in the 4th quarter valued at $41,000. Nwam LLC acquired a new position in shares of BranchOut Food in the 4th quarter valued at $39,000. Renaissance Technologies LLC acquired a new position in shares of BranchOut Food in the 4th quarter valued at $148,000. Finally, Jane Street Group LLC acquired a new position in shares of BranchOut Food in the 4th quarter valued at $82,000. Institutional investors and hedge funds own 2.59% of the company’s stock.

BranchOut Food Company Profile

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces. It also provides chocolate covered fruit items and private label products for retailers.