BranchOut Food (NASDAQ:BOF) Major Shareholder Daniel Louis Kaufman Sells 213,830 Shares

BranchOut Food Inc. (NASDAQ:BOF) major shareholder Daniel Louis Kaufman sold 213,830 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were 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 in the company, valued at approximately $5,508,343.76. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $3.29, for a total transaction of $842,078.79.

BranchOut Food Stock Up 20.1%

Shares of NASDAQ BOF opened at $3.88 on Friday. The company has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $3.43. The firm has a market cap of $56.57 million, a PE ratio of -6.69 and a beta of 0.87. BranchOut Food Inc. has a 1 year low of $1.65 and a 1 year high of $4.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $2.61 million during the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in BranchOut Food by 82.7% during the 4th quarter. State Street Corp now owns 24,300 shares of the company’s stock worth $77,000 after purchasing an additional 11,000 shares during the last quarter. Virtu Financial LLC bought a new position in BranchOut Food during the 4th quarter worth approximately $35,000. Nwam LLC bought a new position in BranchOut Food during the 4th quarter worth approximately $39,000. Crewe Advisors LLC bought a new position in BranchOut Food during the 4th quarter worth approximately $41,000. Finally, Quadrature Capital Ltd bought a new position in BranchOut Food during the 4th quarter worth approximately $59,000. Institutional investors own 2.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of BranchOut Food from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of BranchOut Food in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus 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. It also provides chocolate covered fruit items and private label products for retailers.