Key Points
- Major shareholder Daniel Louis Kaufman sold 213,830 BranchOut Food shares on May 12 at an average price of $3.26, totaling about $697,086. The sale reduced his stake by 11.23%, and he still owns 1,689,676 shares.
- The transaction followed another sizable sale the prior week, when Kaufman sold 255,951 shares on May 5 for about $842,079 at an average price of $3.29.
- BranchOut Food stock was up 20.1% and opened at $3.88, but the company reported a quarterly loss of $0.12 per share on revenue of $2.61 million. Analyst sentiment remains weak, with a consensus rating of “Sell.”
BranchOut Food Inc. (NASDAQ:BOF - Get Free Report) major shareholder Daniel Louis Kaufman sold 213,830 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $3.26, for a total transaction of $697,085.80. Following the transaction, the insider owned 1,689,676 shares of the company's stock, valued at approximately $5,508,343.76. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Daniel Louis Kaufman also recently made the following trade(s):
- On Tuesday, May 5th, Daniel Louis Kaufman sold 255,951 shares of BranchOut Food stock. The stock was sold at an average price of $3.29, for a total transaction of $842,078.79.
BranchOut Food Stock Up 20.1%
BranchOut Food stock opened at $3.88 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.91. BranchOut Food Inc. has a 52-week low of $1.65 and a 52-week high of $4.95. The firm has a 50 day moving average price of $3.77 and a two-hundred day moving average price of $3.43. The firm has a market cap of $56.57 million, a price-to-earnings ratio of -6.69 and a beta of 0.87.
BranchOut Food (NASDAQ:BOF - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $2.61 million for the quarter. BranchOut Food had a negative return on equity of 135.29% and a negative net margin of 44.63%.
Institutional Trading of BranchOut Food
Hedge funds have recently bought and sold shares of the business. Evernest Financial Advisors LLC grew its position in 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 purchasing an additional 150,700 shares during the period. Bard Associates Inc. acquired a new stake in BranchOut Food in the 4th quarter valued at $3,290,000. Renaissance Technologies LLC grew its position in BranchOut Food by 73.0% in the 1st quarter. Renaissance Technologies LLC now owns 80,427 shares of the company's stock valued at $265,000 after purchasing an additional 33,927 shares during the period. Stifel Financial Corp grew its position in BranchOut Food by 276.6% in the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company's stock valued at $1,227,000 after purchasing an additional 283,500 shares during the period. Finally, Jane Street Group LLC acquired a new stake in BranchOut Food in the 4th quarter valued at $82,000. Institutional investors and hedge funds own 2.59% of the company's stock.
Analyst Ratings Changes
BOF has been the subject of several research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of BranchOut Food in a research note on Friday, March 27th. Wall Street Zen upgraded shares of 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.com, BranchOut Food presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on BranchOut Food
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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