Bridgford Foods (NASDAQ:BRID) Issues Earnings Results

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

Bridgford Foods Stock Down 0.1%

BRID stock traded down $0.01 during trading on Friday, reaching $7.28. 203 shares of the stock were exchanged, compared to its average volume of 2,111. The firm’s 50 day moving average is $7.79 and its 200 day moving average is $7.79. The firm has a market cap of $66.10 million, a P/E ratio of -4.95 and a beta of -0.25. The company has a current ratio of 2.98, a quick ratio of 1.24 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Bridgford Foods

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. acquired a new position in Bridgford Foods Corporation (NASDAQ:BRID) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned about 0.30% of Bridgford Foods at the end of the most recent quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Company Profile

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.