BranchOut Food (NASDAQ:BOF) Raised to “Hold” at Wall Street Zen

BranchOut Food (NASDAQ:BOF) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BranchOut Food in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

BranchOut Food Stock Performance

Shares of BOF stock opened at $3.68 on Friday. The stock has a market capitalization of $53.65 million, a P/E ratio of -6.34 and a beta of 0.82. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $3.56 and its 200 day moving average is $3.11. BranchOut Food has a 12 month low of $1.53 and a 12 month high of $4.95.

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

Hedge Funds Weigh In On BranchOut Food

Large investors have recently modified their holdings of the company. Bard Associates Inc. bought a new stake in BranchOut Food during the 4th quarter worth approximately $3,290,000. Stifel Financial Corp boosted its holdings in BranchOut Food by 276.6% in 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 period. Evernest Financial Advisors LLC boosted its holdings in BranchOut Food by 579.6% in 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 period. Renaissance Technologies LLC purchased 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 in the fourth 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.