BranchOut Food (NASDAQ:BOF) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded BranchOut Food (NASDAQ:BOF) from a "sell" to a "hold", but Weiss Ratings reissued a "sell (d-)" and MarketBeat's consensus rating remains Sell.
• The company reported a quarterly loss of ($0.16) EPS, a negative return on equity of 150.04% and a net margin of -49.75%, and has a small market cap of about $53.65 million, indicating weak fundamentals.
• Institutional ownership is low at 2.59%, though some firms have recently increased or initiated positions—most notably Evernest Financial Advisors, which raised its stake to 176,700 shares.

BranchOut Food (NASDAQ:BOF - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

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

BranchOut Food Stock Performance

BOF opened at $3.68 on Friday. BranchOut Food has a 12 month low of $1.53 and a 12 month high of $4.95. 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 stock has a 50-day moving average of $3.56 and a 200 day moving average of $3.10. The firm has a market cap of $53.65 million, a P/E ratio of -6.34 and a beta of 0.82.

BranchOut Food (NASDAQ:BOF - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.16) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 150.04% and a negative net margin of 49.75%.The firm had revenue of $4.01 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Evernest Financial Advisors LLC increased its position in shares of BranchOut Food by 579.6% during 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. Cascade Financial Partners LLC acquired a new position in shares of BranchOut Food in the third quarter worth $51,000. Virtu Financial LLC purchased a new stake in BranchOut Food during the 4th quarter worth about $35,000. Quadrature Capital Ltd purchased a new stake in shares of BranchOut Food during the fourth quarter worth approximately $59,000. Finally, Jane Street Group LLC acquired a new position in shares of BranchOut Food during the fourth quarter worth $82,000. Institutional investors and hedge funds own 2.59% of the company's stock.

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.

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