Bridgford Foods (NASDAQ:BRID) Releases Quarterly Earnings Results

Bridgford Foods (NASDAQ:BRID) announced its quarterly earnings results on Monday. The company reported ($0.54) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $50.04 million for the quarter. Bridgford Foods had a negative net margin of 5.60% and a negative return on equity of 11.02%.

Bridgford Foods Trading Down 5.6%

NASDAQ BRID traded down $0.44 during trading hours on Monday, reaching $7.43. The company had a trading volume of 1,768 shares, compared to its average volume of 2,858. The stock has a 50-day moving average of $7.61 and a 200 day moving average of $7.68. Bridgford Foods has a 1-year low of $7.00 and a 1-year high of $8.74. The stock has a market capitalization of $67.46 million, a P/E ratio of -5.16 and a beta of -0.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. purchased a new position in shares of Bridgford Foods Corporation (NASDAQ:BRID) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned 0.30% of Bridgford Foods at the end of the most recent reporting period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bridgford Foods in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bridgford Foods 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.