Bridgford Foods (NASDAQ:BRID) Announces Quarterly Earnings Results

Bridgford Foods (NASDAQ:BRID) released its quarterly earnings data on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $47.02 million for the quarter. Bridgford Foods had a negative return on equity of 12.81% and a negative net margin of 6.36%.

Bridgford Foods Stock Up 1.3%

Shares of NASDAQ BRID opened at $6.22 on Wednesday. The firm’s 50-day simple moving average is $6.44 and its 200 day simple moving average is $7.14. The company has a market cap of $56.48 million, a price-to-earnings ratio of -3.91 and a beta of -0.14. The company has a quick ratio of 0.96, a current ratio of 2.41 and a debt-to-equity ratio of 0.01. Bridgford Foods has a 12-month low of $6.08 and a 12-month high of $8.62.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bridgford Foods in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Bridgford Foods

Several hedge funds and other institutional investors have recently made changes to their positions in BRID. BlackRock Inc. acquired a new position in shares of Bridgford Foods during the second quarter valued at $31,000. Susquehanna International Group LLP acquired a new stake in Bridgford Foods in the second quarter worth about $68,000. Finally, Private Management Group Inc. acquired a new stake in Bridgford Foods in the third quarter worth about $213,000. 4.68% of the stock is owned by institutional investors and hedge funds.

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.