Bridgford Foods (NASDAQ:BRID) Announces Quarterly Earnings Results

Bridgford Foods (NASDAQ:BRID) announced its quarterly earnings results on Monday. The company reported ($0.22) 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 firm had revenue of $47.02 million during the quarter.

Bridgford Foods Trading Down 2.2%

Shares of Bridgford Foods stock opened at $6.14 on Tuesday. The firm has a market capitalization of $55.75 million, a PE ratio of -3.96 and a beta of -0.14. The company has a current ratio of 2.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $6.46 and its 200 day moving average is $7.15. Bridgford Foods has a 1 year low of $6.08 and a 1 year high of $8.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Bridgford Foods during the 2nd quarter valued at about $31,000. Susquehanna International Group LLP purchased a new stake in shares of Bridgford Foods in the 2nd quarter worth approximately $68,000. Finally, Private Management Group Inc. purchased a new position in shares of Bridgford Foods in the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, 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.