Bridgford Foods (NASDAQ:BRID) Releases Quarterly Earnings Results

Bridgford Foods (NASDAQ:BRID) issued its quarterly earnings results on Friday. The company reported ($0.09) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $55.31 million for the quarter. Bridgford Foods had a negative net margin of 5.78% and a negative return on equity of 10.97%.

Bridgford Foods Price Performance

Shares of BRID stock opened at $7.28 on Friday. The business’s fifty day moving average is $7.79 and its 200 day moving average is $7.78. The stock has a market cap of $66.10 million, a price-to-earnings ratio of -4.95 and a beta of -0.25. The company has a quick ratio of 1.24, a current ratio of 2.98 and a debt-to-equity ratio of 0.01. Bridgford Foods has a twelve month low of $7.00 and a twelve month high of $10.70.

Analyst Upgrades and Downgrades

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

Institutional Trading of Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. purchased a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. Institutional investors 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.