BranchOut Food (NASDAQ:BOF) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of BranchOut Food (NASDAQ:BOF) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

BranchOut Food Trading Up 8.6%

BOF stock opened at $4.67 on Friday. The business has a fifty day moving average price of $3.79 and a 200 day moving average price of $3.24. BranchOut Food has a fifty-two week low of $1.65 and a fifty-two week high of $4.95. The stock has a market capitalization of $68.09 million, a price-to-earnings ratio of -8.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53.

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 business had revenue of $4.01 million for the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOF. Bard Associates Inc. bought a new position in shares of BranchOut Food in the 4th quarter worth $3,290,000. Stifel Financial Corp boosted its position in shares of BranchOut Food by 276.6% in the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock worth $1,227,000 after purchasing an additional 283,500 shares during the last quarter. Evernest Financial Advisors LLC boosted its position in shares of BranchOut Food by 579.6% in the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock worth $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 in the 4th quarter worth $148,000. Finally, Jane Street Group LLC bought a new position in shares of BranchOut Food in the 4th quarter worth $82,000. 2.59% of the stock is currently owned by institutional investors.

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.