Daniel Louis Kaufman Sells 255,951 Shares of BranchOut Food (NASDAQ:BOF) Stock

Key Points

• Major shareholder Daniel Louis Kaufman sold 255,951 shares of BranchOut Food on May 5 at an average price of $3.29, generating about $842,079 and cutting his holding by 15.42% to 1,403,506 shares.
• BranchOut Food trades in the mid-$3s with a market cap of roughly $50.9M, reported a quarterly EPS of -$0.16 with a -44.63% net margin and -135.29% ROE, and carries a consensus “Sell” analyst rating.

BranchOut Food Inc. (NASDAQ:BOF - Get Free Report) major shareholder Daniel Louis Kaufman sold 255,951 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $3.29, for a total value of $842,078.79. Following the sale, the insider owned 1,403,506 shares of the company's stock, valued at approximately $4,617,534.74. This represents a 15.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

BranchOut Food Stock Down 3.1%

Shares of NASDAQ:BOF traded down $0.11 during trading on Thursday, reaching $3.49. 27,897 shares of the stock were exchanged, compared to its average volume of 76,655. BranchOut Food Inc. has a 1-year low of $1.65 and a 1-year high of $4.95. The stock has a fifty day moving average of $3.89 and a two-hundred day moving average of $3.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53. The firm has a market cap of $50.88 million, a price-to-earnings ratio of -6.02 and a beta of 0.87.

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. The business had revenue of $4.01 million during the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%.

Institutional Investors Weigh In On BranchOut Food

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of BranchOut Food in the 4th quarter worth about $35,000. Nwam LLC acquired a new stake in shares of BranchOut Food in the 4th quarter worth about $39,000. Crewe Advisors LLC acquired a new stake in shares of BranchOut Food in the 4th quarter worth about $41,000. Quadrature Capital Ltd acquired a new stake in shares of BranchOut Food in the 4th quarter worth about $59,000. Finally, State Street Corp raised its holdings in shares of BranchOut Food by 82.7% in the 4th quarter. State Street Corp now owns 24,300 shares of the company's stock worth $77,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 2.59% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BOF. Wall Street Zen raised shares of BranchOut Food from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

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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