Bridgford Foods Co. (NASDAQ:BRID) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 62,400 shares, a decrease of 5.0% from the June 30th total of 65,700 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 8.5 days. Currently, 3.8% of the company’s stock are sold short.
BRID opened at $36.58 on Friday. Bridgford Foods has a 12-month low of $13.47 and a 12-month high of $38.00. The company has a current ratio of 2.61, a quick ratio of 1.33 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $34.75 and its 200-day simple moving average is $28.44. The company has a market capitalization of $329.04 million, a price-to-earnings ratio of 43.15 and a beta of 1.07.
Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Friday, May 31st. The company reported $0.24 earnings per share (EPS) for the quarter. Bridgford Foods had a return on equity of 11.55% and a net margin of 4.19%. The business had revenue of $41.44 million for the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of Bridgford Foods by 11.0% during the 2nd quarter. Northern Trust Corp now owns 15,800 shares of the company’s stock worth $470,000 after buying an additional 1,571 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Bridgford Foods by 42.6% during the 2nd quarter. Vanguard Group Inc. now owns 23,670 shares of the company’s stock worth $705,000 after buying an additional 7,069 shares in the last quarter. BlackRock Inc. grew its position in shares of Bridgford Foods by 7,151.6% during the 2nd quarter. BlackRock Inc. now owns 72,516 shares of the company’s stock worth $2,157,000 after buying an additional 71,516 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Bridgford Foods by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 247,763 shares of the company’s stock worth $4,923,000 after buying an additional 3,978 shares in the last quarter. 5.56% of the stock is currently owned by institutional investors and hedge funds.
Bridgford Foods Company Profile
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. The company operates in two segments, Frozen Food Products and Snack Food Products. It primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products.
Further Reading: Rule of 72
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