Bridgford Foods (NASDAQ:BRID) Releases Earnings Results

Bridgford Foods (NASDAQ:BRID) issued its quarterly earnings results on Wednesday. The company reported ($0.74) earnings per share (EPS) for the quarter, FiscalAI reports. Bridgford Foods had a negative return on equity of 10.78% and a negative net margin of 5.78%.The company had revenue of $75.85 million for the quarter.

Bridgford Foods Price Performance

Shares of NASDAQ:BRID opened at $7.74 on Friday. The company has a 50 day moving average of $7.87 and a 200 day moving average of $7.80. The company has a current ratio of 3.54, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The stock has a market cap of $70.27 million, a P/E ratio of -5.27 and a beta of -0.25. Bridgford Foods has a 12 month low of $7.24 and a 12 month high of $10.77.

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.

Analyst Upgrades and Downgrades

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

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.