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

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

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

BranchOut Food Stock Down 2.4%

BOF opened at $4.03 on Tuesday. The stock’s fifty day moving average is $3.90 and its 200-day moving average is $3.69. BranchOut Food has a one year low of $1.93 and a one year high of $5.25. The company has a market capitalization of $61.74 million, a PE ratio of -6.83 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 (NASDAQ:BOF) last released its earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 138.86% and a negative net margin of 53.27%.The firm had revenue of $2.61 million for the quarter.

Insider Activity at BranchOut Food

In related news, major shareholder Daniel Louis Kaufman sold 213,830 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $3.26, for a total value of $697,085.80. Following the completion of the transaction, the insider owned 1,689,676 shares in the company, valued at $5,508,343.76. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOF. Virtu Financial LLC acquired a new stake in shares of BranchOut Food during the fourth quarter valued at approximately $35,000. Nwam LLC purchased a new position in BranchOut Food during the 4th quarter worth approximately $39,000. Crewe Advisors LLC purchased a new position in BranchOut Food during the 4th quarter worth approximately $41,000. Quadrature Capital Ltd acquired a new stake in BranchOut Food during the 4th quarter valued at $59,000. Finally, State Street Corp raised its stake in BranchOut Food by 82.7% during the 4th quarter. State Street Corp now owns 24,300 shares of the company’s stock valued at $77,000 after purchasing an additional 11,000 shares during the period. 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.