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

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

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

BranchOut Food Trading Up 2.7%

BranchOut Food stock opened at $3.78 on Friday. The stock has a market cap of $55.11 million, a P/E ratio of -6.52 and a beta of 0.82. BranchOut Food has a fifty-two week low of $1.53 and a fifty-two week high of $4.95. The firm’s fifty day moving average price is $3.58 and its 200-day moving average price is $3.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.63.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $4.01 million during the quarter. BranchOut Food had a negative return on equity of 150.04% and a negative net margin of 49.75%.

Hedge Funds Weigh In On BranchOut Food

Several institutional investors and hedge funds have recently made changes to their positions in BOF. Bard Associates Inc. bought a new position in shares of BranchOut Food during the 4th quarter valued at $3,290,000. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 283,500 shares during the last quarter. Evernest Financial Advisors LLC grew its holdings in shares of 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 purchasing an additional 150,700 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of BranchOut Food during the 4th quarter valued at $148,000. Finally, Jane Street Group LLC bought a new position in shares of BranchOut Food during the 4th quarter valued at $82,000. Institutional investors own 2.59% of the company’s stock.

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.