BranchOut Food (NASDAQ:BOF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BranchOut Food (NASDAQ:BOF) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday.

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

BranchOut Food Trading Down 1.5%

BOF opened at $4.05 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 0.42. BranchOut Food has a fifty-two week low of $1.93 and a fifty-two week high of $5.25. The company’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $3.71. The firm has a market capitalization of $62.05 million, a price-to-earnings ratio of -6.86 and a beta of 0.58.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) EPS for the quarter. The business had revenue of $2.61 million for the quarter. BranchOut Food had a negative return on equity of 138.86% and a negative net margin of 53.27%.

Insiders Place Their Bets

In related news, major shareholder Daniel Louis Kaufman sold 255,951 shares of BranchOut Food stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $3.29, for a total transaction 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. This trade represents a 15.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.50% of the stock is owned by corporate insiders.

Institutional Trading of BranchOut Food

Large investors have recently bought and sold shares of the business. Bard Associates Inc. acquired a new position in shares of BranchOut Food in the 4th quarter valued at about $3,290,000. Nwam LLC acquired a new stake in BranchOut Food during the fourth quarter worth approximately $39,000. Crewe Advisors LLC acquired a new stake in BranchOut Food during the fourth quarter worth approximately $41,000. Virtu Financial LLC bought a new stake in BranchOut Food in the fourth quarter worth approximately $35,000. Finally, Quadrature Capital Ltd bought a new stake in BranchOut Food in the fourth quarter worth approximately $59,000. 2.59% of the stock is currently owned by institutional investors and hedge funds.

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.