BranchOut Food (NASDAQ:BOF) Raised to “Sell” at Wall Street Zen

BranchOut Food (NASDAQ:BOF) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BranchOut Food has a consensus rating of “Sell”.

BranchOut Food Trading Up 1.2%

NASDAQ:BOF opened at $4.11 on Tuesday. The stock has a market cap of $62.97 million, a price-to-earnings ratio of -6.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.42 and a current ratio of 0.87. BranchOut Food has a 1 year low of $1.93 and a 1 year high of $5.25. The business has a fifty day moving average of $3.93 and a 200-day moving average of $3.70.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. The company 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 138.86%.

Insider Transactions at BranchOut Food

In other BranchOut Food news, major shareholder Daniel Louis Kaufman sold 255,951 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $3.29, for a total transaction of $842,078.79. Following the completion of the transaction, the insider directly owned 1,403,506 shares of the company’s stock, valued at approximately $4,617,534.74. This trade represents a 15.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.50% of the company’s stock.

Institutional Trading of BranchOut Food

Institutional investors have recently modified their holdings of the company. Bard Associates Inc. acquired a new position in BranchOut Food during the fourth quarter worth about $3,290,000. Stifel Financial Corp raised its position in BranchOut Food by 276.6% in the fourth quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock worth $1,227,000 after acquiring an additional 283,500 shares in the last quarter. Sei Investments Co. acquired a new stake in BranchOut Food in the 1st quarter valued at about $569,000. Corsair Capital Management L.P. acquired a new stake in BranchOut Food in the 1st quarter valued at about $330,000. Finally, Renaissance Technologies LLC boosted its position in shares of BranchOut Food by 73.0% during the 1st quarter. Renaissance Technologies LLC now owns 80,427 shares of the company’s stock valued at $265,000 after purchasing an additional 33,927 shares in the last quarter. 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.