Sei Investments Co. Takes $569,000 Position in BranchOut Food Inc. $BOF

Sei Investments Co. purchased a new stake in BranchOut Food Inc. (NASDAQ:BOF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 172,404 shares of the company’s stock, valued at approximately $569,000. Sei Investments Co. owned about 1.18% of BranchOut Food as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in BranchOut Food in the 4th quarter valued at $35,000. Nwam LLC acquired a new stake in shares of BranchOut Food in the 4th quarter worth $39,000. Quadrature Capital Ltd purchased a new position in shares of BranchOut Food during the 4th quarter worth $59,000. State Street Corp raised 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 worth $77,000 after acquiring an additional 11,000 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of BranchOut Food during the 4th quarter worth $82,000. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

NASDAQ:BOF opened at $4.16 on Friday. BranchOut Food Inc. has a 52 week low of $1.93 and a 52 week high of $5.25. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $63.73 million, a P/E ratio of -6.93 and a beta of 0.65. The stock’s fifty day moving average is $4.16 and its two-hundred day moving average is $3.81.

BranchOut Food (NASDAQ:BOF) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.02. The business had revenue of $4.46 million for the quarter, compared to analyst estimates of $4.00 million. BranchOut Food had a negative return on equity of 146.52% and a negative net margin of 56.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BOF. Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a report on Wednesday, June 24th. Wall Street Zen raised shares of BranchOut Food from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 21st. Finally, Lake Street Capital started coverage on shares of BranchOut Food in a report on Monday, August 3rd. They issued a “buy” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, BranchOut Food presently has an average rating of “Hold” and an average price target of $6.00.

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.