BranchOut Food (NASDAQ:BOF) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

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

BranchOut Food Stock Performance

Shares of BOF opened at $2.19 on Friday. The company has a market capitalization of $25.80 million, a PE ratio of -3.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.81. BranchOut Food has a one year low of $0.63 and a one year high of $4.11. The company’s fifty day moving average price is $2.38 and its 200 day moving average price is $2.17.

BranchOut Food (NASDAQ:BOF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 187.09% and a negative net margin of 51.87%. The business had revenue of $3.30 million during the quarter.

Institutional Trading of BranchOut Food

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth $26,000. NewEdge Advisors LLC acquired a new position in BranchOut Food during the fourth quarter valued at approximately $45,000. XTX Topco Ltd bought a new stake in BranchOut Food in the first quarter valued at approximately $69,000. Citadel Advisors LLC acquired a new stake in BranchOut Food in the fourth quarter worth $112,000. Finally, Evernest Financial Advisors LLC bought a new position in shares of BranchOut Food during the first quarter worth $386,000. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Company Profile

(Get Free Report)

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.

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