Bard Associates Inc. Purchases New Stake in BranchOut Food Inc. $BOF

Bard Associates Inc. purchased a new stake in BranchOut Food Inc. (NASDAQ:BOF) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,034,600 shares of the company’s stock, valued at approximately $3,290,000. Bard Associates Inc. owned about 0.08% of BranchOut Food as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BOF. Stifel Financial Corp raised its stake 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 acquiring an additional 283,500 shares during the period. Evernest Financial Advisors LLC raised its stake 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 acquiring an additional 150,700 shares during the period. Renaissance Technologies LLC bought a new stake in BranchOut Food in the 4th quarter valued at $148,000. Jane Street Group LLC bought a new stake in BranchOut Food in the 4th quarter valued at $82,000. Finally, Crewe Advisors LLC bought a new stake in BranchOut Food in the 4th quarter valued at $41,000. Institutional investors own 2.59% of the company’s stock.

Insider Buying and Selling at BranchOut Food

In other news, major shareholder Daniel Louis Kaufman sold 213,830 shares of BranchOut Food stock in a transaction 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 completion of the sale, the insider owned 1,689,676 shares of the company’s stock, valued at approximately $5,508,343.76. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.50% of the company’s stock.

BranchOut Food Stock Up 2.0%

BOF opened at $3.59 on Friday. BranchOut Food Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.42 and a current ratio of 0.87. The company has a market capitalization of $55.00 million, a P/E ratio of -6.08 and a beta of 0.74. The stock has a fifty day moving average of $3.68 and a 200-day moving average of $3.49.

BranchOut Food (NASDAQ:BOF) last posted its earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. BranchOut Food had a negative return on equity of 138.86% and a negative net margin of 53.27%.The firm had revenue of $2.61 million for the quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen cut BranchOut Food from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of BranchOut Food in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BranchOut Food presently has an average rating of “Sell”.

BranchOut Food 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. It also provides chocolate covered fruit items and private label products for retailers.