BranchOut Food (NASDAQ:BOF) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded BranchOut Food (NASDAQ:BOF) from "sell" to "hold," while Weiss Ratings reiterated a "sell (d-)," leaving the consensus rating on the stock at "Sell."
• The shares opened at $3.61 and were trading down about 5.5%, with a 12‑month range of $1.65 to $4.95 and a market capitalization of roughly $52.6 million.
• BranchOut reported a quarterly loss (EPS of $(0.16)), a negative net margin of 44.63% and negative return on equity of 135.29% on $4.01 million of revenue, highlighting continued unprofitability.

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

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, the company presently has an average rating of "Sell".

BranchOut Food Trading Down 5.5%

Shares of NASDAQ:BOF opened at $3.61 on Friday. BranchOut Food has a 12-month low of $1.65 and a 12-month high of $4.95. The business's fifty day simple moving average is $3.92 and its 200-day simple moving average is $3.35. The company has a market capitalization of $52.63 million, a PE ratio of -6.22 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18.

BranchOut Food (NASDAQ:BOF - Get Free Report) last announced 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 net margin of 44.63% and a negative return on equity of 135.29%. The company had revenue of $4.01 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in BranchOut Food during the 4th quarter worth $35,000. Nwam LLC purchased a new position in BranchOut Food during the 4th quarter worth $39,000. Crewe Advisors LLC purchased a new position in BranchOut Food during the 4th quarter worth $41,000. Quadrature Capital Ltd purchased a new position in BranchOut Food during the 4th quarter worth $59,000. Finally, State Street Corp grew its stake in BranchOut Food by 82.7% during the 4th quarter. State Street Corp now owns 24,300 shares of the company's stock worth $77,000 after buying an additional 11,000 shares during the last quarter. 2.59% of the stock is currently owned by hedge funds and other 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.

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