ValuEngine Lowers Bridgford Foods (NASDAQ:BRID) to Hold

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Bridgford Foods (NASDAQ:BRID) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, ValuEngine reports.

Separately, TheStreet upgraded shares of Bridgford Foods from a “c” rating to a “b” rating in a research note on Monday, January 27th.

Shares of Bridgford Foods stock opened at $21.70 on Friday. Bridgford Foods has a twelve month low of $18.94 and a twelve month high of $38.00. The company has a quick ratio of 1.32, a current ratio of 2.65 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $28.05. The stock has a market capitalization of $196.97 million, a price-to-earnings ratio of 27.13 and a beta of 1.07.

A number of institutional investors have recently modified their holdings of BRID. Barclays PLC increased its holdings in Bridgford Foods by 100.3% in the 4th quarter. Barclays PLC now owns 1,731 shares of the company’s stock valued at $43,000 after buying an additional 867 shares during the period. UBS Group AG increased its holdings in Bridgford Foods by 139.5% in the 4th quarter. UBS Group AG now owns 3,181 shares of the company’s stock valued at $79,000 after buying an additional 1,853 shares during the period. Northern Trust Corp increased its holdings in Bridgford Foods by 11.0% in the 2nd quarter. Northern Trust Corp now owns 15,800 shares of the company’s stock valued at $470,000 after buying an additional 1,571 shares during the period. State Street Corp increased its holdings in Bridgford Foods by 27.9% in the 3rd quarter. State Street Corp now owns 19,332 shares of the company’s stock valued at $583,000 after buying an additional 4,214 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Bridgford Foods by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 20,127 shares of the company’s stock valued at $607,000 after buying an additional 1,455 shares during the period. Institutional investors and hedge funds own 7.17% of the company’s stock.

About Bridgford Foods

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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