Bridgford Foods (NASDAQ:BRID) Posts Earnings Results

Bridgford Foods (NASDAQ:BRID) issued its quarterly earnings results on Wednesday. The company reported ($0.74) earnings per share for the quarter, FiscalAI reports. The company had revenue of $75.85 million during the quarter. Bridgford Foods had a negative return on equity of 5.81% and a negative net margin of 3.19%.

Bridgford Foods Stock Up 4.0%

Shares of NASDAQ BRID opened at $8.09 on Thursday. Bridgford Foods has a 52 week low of $7.24 and a 52 week high of $10.77. The business has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $7.80. The company has a quick ratio of 1.48, a current ratio of 3.54 and a debt-to-equity ratio of 0.01. The company has a market cap of $73.46 million, a P/E ratio of -10.11 and a beta of -0.25.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bridgford Foods has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. acquired a new position in Bridgford Foods Corporation (NASDAQ:BRID) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.68% of the company’s stock.

About Bridgford Foods

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.