BranchOut Food’s (BOF) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of BranchOut Food (NASDAQ:BOF) in a research report released on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen cut BranchOut Food from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, BranchOut Food has a consensus rating of “Sell”.

BranchOut Food Stock Down 1.9%

Shares of BranchOut Food stock opened at $2.05 on Tuesday. BranchOut Food has a one year low of $1.52 and a one year high of $3.10. The company has a market cap of $24.15 million, a P/E ratio of -3.15 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.81 and a current ratio of 1.15. The firm has a fifty day moving average of $2.17 and a two-hundred day moving average of $2.18.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $3.30 million for the quarter. BranchOut Food had a negative return on equity of 187.09% and a negative net margin of 51.87%.

Hedge Funds Weigh In On BranchOut Food

An institutional investor recently bought a new stake in BranchOut Food stock. Evernest Financial Advisors LLC bought a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,000 shares of the company’s stock, valued at approximately $386,000. Evernest Financial Advisors LLC owned approximately 1.64% of BranchOut Food as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 2.59% of the company’s stock.

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.