Bridgford Foods Co. (NASDAQ:BRID) Short Interest Down 7.0% in March

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,000 shares, a decline of 7.0% from the March 15th total of 4,300 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Bridgford Foods

Large investors have recently bought and sold shares of the business. Northern Trust Corp increased its position in Bridgford Foods by 10.9% in the second quarter. Northern Trust Corp now owns 18,764 shares of the company’s stock worth $216,000 after purchasing an additional 1,847 shares during the last quarter. Vanguard Group Inc. increased its position in Bridgford Foods by 4.6% in the third quarter. Vanguard Group Inc. now owns 47,964 shares of the company’s stock worth $526,000 after purchasing an additional 2,111 shares during the last quarter. Neuberger Berman Group LLC increased its position in Bridgford Foods by 18.5% in the first quarter. Neuberger Berman Group LLC now owns 74,751 shares of the company’s stock worth $814,000 after purchasing an additional 11,652 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bridgford Foods by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 181,186 shares of the company’s stock worth $2,171,000 after purchasing an additional 3,084 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Price Performance

BRID stock opened at $10.76 on Thursday. Bridgford Foods has a one year low of $10.03 and a one year high of $13.41. The company’s fifty day moving average price is $10.85 and its 200-day moving average price is $10.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.56 and a current ratio of 4.71. The company has a market capitalization of $97.70 million, a PE ratio of 25.02 and a beta of -0.58.

Bridgford Foods (NASDAQ:BRID) last released its earnings results on Friday, March 8th. The company reported $0.14 EPS for the quarter. Bridgford Foods had a net margin of 1.54% and a return on equity of 2.93%. The firm had revenue of $54.84 million for the quarter.

Bridgford Foods Company Profile

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.