Bridgford Foods (NASDAQ:BRID) Announces Earnings Results

Bridgford Foods (NASDAQ:BRID) announced its quarterly earnings data on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, FiscalAI reports. Bridgford Foods had a negative net margin of 6.07% and a negative return on equity of 12.27%. The business had revenue of $47.02 million during the quarter.

Bridgford Foods Trading Down 2.2%

BRID traded down $0.14 on Monday, hitting $6.14. 634 shares of the company were exchanged, compared to its average volume of 3,857. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 2.41. The firm has a fifty day simple moving average of $6.47 and a two-hundred day simple moving average of $7.17. The stock has a market capitalization of $55.73 million, a PE ratio of -3.96 and a beta of -0.14. Bridgford Foods has a 12 month low of $6.08 and a 12 month high of $8.62.

Institutional Investors Weigh In On Bridgford Foods

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Bridgford Foods in the second quarter valued at about $31,000. Susquehanna International Group LLP purchased a new stake in shares of Bridgford Foods during the second quarter worth about $68,000. Finally, Private Management Group Inc. bought a new stake in shares of Bridgford Foods in the third quarter worth about $213,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.