Key Points
- Daniel Louis Kaufman sold 255,951 shares of BranchOut Food (NASDAQ:BOF) on May 5 at an average price of $3.29 for $842,078.79, reducing his holding by 15.42% to 1,403,506 shares (≈$4.62M); the sale was disclosed in an SEC filing.
- BranchOut is a small-cap (~$50.9M) plant-based snacks company reporting a loss (quarterly EPS of -$0.16), a negative net margin of 44.63% and negative ROE of 135.29%, with the stock trading between a 52-week low of $1.65 and high of $4.95.
- The stock carries an average analyst rating of "Sell" (Weiss Ratings reissued a sell while Wall Street Zen moved to hold), and institutional ownership is low at 2.59% despite recent small purchases by firms like Renaissance Technologies and Jane Street.
BranchOut Food Inc. (NASDAQ:BOF - Get Free Report) major shareholder Daniel Louis Kaufman sold 255,951 shares of BranchOut Food stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
BranchOut Food Stock Down 3.1%
Shares of BranchOut Food stock opened at $3.49 on Friday. The firm has a market cap of $50.88 million, a price-to-earnings ratio of -6.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53. BranchOut Food Inc. has a 52-week low of $1.65 and a 52-week high of $4.95. The stock has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $3.40.
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. The firm had revenue of $4.01 million for the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BOF. Weiss Ratings reissued a "sell (d-)" rating on shares of BranchOut Food in a research note on Friday, March 27th. Wall Street Zen raised BranchOut Food from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".
Get Our Latest Stock Report on BOF
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BOF. Evernest Financial Advisors LLC raised its stake in shares of BranchOut Food by 579.6% in the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company's stock valued at $362,000 after acquiring an additional 150,700 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of BranchOut Food in the 4th quarter valued at approximately $41,000. Nwam LLC bought a new position in BranchOut Food in the 4th quarter worth approximately $39,000. Renaissance Technologies LLC bought a new position in BranchOut Food in the 4th quarter worth approximately $148,000. Finally, Jane Street Group LLC bought a new position in BranchOut Food in the 4th quarter worth approximately $82,000. 2.59% of the stock is owned by institutional investors.
About BranchOut Food
(
Get Free Report)
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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