Daniel Louis Kaufman Sells 213,830 Shares of BranchOut Food (NASDAQ:BOF) Stock

BranchOut Food Inc. (NASDAQ:BOF) major shareholder Daniel Louis Kaufman sold 213,830 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $3.26, for a total value of $697,085.80. Following the transaction, the insider owned 1,689,676 shares of the company’s stock, valued at $5,508,343.76. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Daniel Louis Kaufman also recently made the following trade(s):

• On Tuesday, May 5th, Daniel Louis Kaufman sold 255,951 shares of BranchOut Food stock. The shares were sold at an average price of $3.29, for a total value of $842,078.79.

BranchOut Food Stock Down 11.6%

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

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

Institutional Trading of BranchOut Food

Several hedge funds and other institutional investors have recently bought and sold shares of BOF. Bard Associates Inc. purchased a new stake in BranchOut Food during the 4th quarter valued at $3,290,000. Stifel Financial Corp raised its holdings in BranchOut Food by 276.6% during the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock valued at $1,227,000 after buying an additional 283,500 shares during the period. Sei Investments Co. purchased a new stake in BranchOut Food during the 1st quarter valued at $569,000. Evernest Financial Advisors LLC raised its holdings in BranchOut Food by 579.6% during 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. Finally, Corsair Capital Management L.P. purchased a new stake in BranchOut Food during the 1st quarter valued at $330,000. Hedge funds and other institutional investors own 2.59% of the company’s stock.

Analyst Ratings Changes

BOF has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BranchOut Food in a research report on Friday, March 27th. Wall Street Zen downgraded BranchOut Food from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About BranchOut Food

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.