Bridgford Foods Corporation (NASDAQ:BRID) Sees Significant Increase in Short Interest

Bridgford Foods Corporation (NASDAQ:BRID) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 12,353 shares, a growth of 21.6% from the February 12th total of 10,158 shares. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is currently 6.2 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is currently 6.2 days.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently raised its position in Bridgford Foods stock. Private Management Group Inc. grew its stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,040 shares of the company’s stock after purchasing an additional 52,190 shares during the quarter. Private Management Group Inc. owned approximately 0.87% of Bridgford Foods worth $617,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Price Performance

Shares of NASDAQ BRID opened at $7.50 on Monday. The business has a 50-day moving average of $7.75 and a two-hundred day moving average of $7.79. The company has a market capitalization of $68.10 million, a price-to-earnings ratio of -5.21 and a beta of -0.25. Bridgford Foods has a 1 year low of $7.00 and a 1 year high of $10.40.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings data on Friday, March 6th. The company reported ($0.09) EPS for the quarter. Bridgford Foods had a negative net margin of 5.60% and a negative return on equity of 11.02%. The business had revenue of $55.31 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Bridgford Foods Company Profile

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.