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

BranchOut Food Inc. (NASDAQ:BOF) major shareholder Daniel Louis Kaufman sold 255,951 shares of the stock in a transaction 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 completion of the transaction, the insider owned 1,403,506 shares of the company’s stock, valued at $4,617,534.74. This trade represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

BranchOut Food Trading Down 3.1%

NASDAQ:BOF opened at $3.49 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.91 and a debt-to-equity ratio of 0.18. BranchOut Food Inc. has a 1-year low of $1.65 and a 1-year high of $4.95. The firm has a market capitalization of $50.88 million, a price-to-earnings ratio of -6.02 and a beta of 0.87. The stock has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.40.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.16) earnings per share 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.

Wall Street Analyst Weigh In

BOF has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BranchOut Food in a research report on Friday, March 27th. Wall Street Zen upgraded BranchOut Food from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On BranchOut Food

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of BranchOut Food during the 4th quarter valued at about $35,000. Quadrature Capital Ltd acquired a new stake in shares of BranchOut Food during the 4th quarter valued at about $59,000. Bard Associates Inc. acquired a new stake in shares of BranchOut Food during the 4th quarter valued at about $3,290,000. Stifel Financial Corp lifted its holdings in shares of BranchOut Food by 276.6% during the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock valued at $1,227,000 after buying an additional 283,500 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of BranchOut Food by 82.7% during the 4th quarter. State Street Corp now owns 24,300 shares of the company’s stock valued at $77,000 after buying an additional 11,000 shares during the last quarter. 2.59% of the stock is currently owned by institutional investors and hedge funds.

About BranchOut Food

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.