BranchOut Food (NASDAQ:BOF) Announces Quarterly Earnings Results

BranchOut Food (NASDAQ:BOF) issued its earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. BranchOut Food had a negative return on equity of 187.09% and a negative net margin of 51.87%.The business had revenue of $3.22 million during the quarter.

BranchOut Food Trading Up 1.3%

Shares of BOF traded up $0.04 during mid-day trading on Thursday, hitting $3.15. 24,569 shares of the company’s stock traded hands, compared to its average volume of 488,291. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. BranchOut Food has a 1 year low of $1.53 and a 1 year high of $3.37. The firm has a market capitalization of $37.11 million, a P/E ratio of -4.78 and a beta of 0.57. The business’s 50-day moving average price is $2.45 and its 200-day moving average price is $2.30.

Analysts Set New Price Targets

BOF has been the topic of several recent analyst reports. Wall Street Zen cut shares of BranchOut Food from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BranchOut Food in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.