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

BranchOut Food (NASDAQ:BOF) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

BranchOut Food Stock Performance

BOF stock opened at $2.18 on Friday. The firm has a market cap of $25.68 million, a PE ratio of -3.35 and a beta of 0.55. The stock has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.17. The company has a current ratio of 1.15, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. BranchOut Food has a 1-year low of $0.63 and a 1-year high of $4.11.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in BranchOut Food during the fourth quarter valued at $26,000. NewEdge Advisors LLC bought a new stake in shares of BranchOut Food during the 4th quarter valued at about $45,000. XTX Topco Ltd bought a new stake in shares of BranchOut Food during the 1st quarter valued at about $69,000. Citadel Advisors LLC bought a new stake in shares of BranchOut Food during the 4th quarter valued at about $112,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of BranchOut Food during the 1st quarter valued at about $386,000. 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.