XTX Topco Ltd Purchases Shares of 27,873 BranchOut Food Inc. (NASDAQ:BOF)

XTX Topco Ltd purchased a new stake in shares of BranchOut Food Inc. (NASDAQ:BOF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,873 shares of the company’s stock, valued at approximately $69,000. XTX Topco Ltd owned 0.29% of BranchOut Food as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BOF. Citadel Advisors LLC purchased a new position in shares of BranchOut Food during the 4th quarter valued at about $112,000. Renaissance Technologies LLC purchased a new position in shares of BranchOut Food during the 4th quarter valued at about $26,000. Finally, NewEdge Advisors LLC purchased a new position in shares of BranchOut Food during the 4th quarter valued at about $45,000. 2.59% of the stock is currently owned by institutional investors.

BranchOut Food Stock Down 0.5%

BOF stock opened at $2.18 on Friday. The business’s 50-day moving average price is $2.38 and its 200-day moving average price is $2.17. The company has a quick ratio of 0.49, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. BranchOut Food Inc. has a twelve month low of $0.63 and a twelve month high of $4.11. The stock has a market cap of $25.68 million, a P/E ratio of -3.35 and a beta of 0.55.

BranchOut Food (NASDAQ:BOF) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.17) 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut BranchOut Food from a “hold” rating to a “sell” rating in a research report on Saturday.

BranchOut Food 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.