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 during the month of 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Bridgford Foods

A number of institutional investors have recently modified their holdings of BRID. Neuberger Berman Group LLC lifted its stake in shares of Bridgford Foods by 18.5% during the 1st quarter. Neuberger Berman Group LLC now owns 74,751 shares of the company’s stock valued at $814,000 after buying an additional 11,652 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Bridgford Foods by 47.6% during the 4th quarter. Northern Trust Corp now owns 27,428 shares of the company’s stock valued at $302,000 after buying an additional 8,847 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bridgford Foods by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 181,186 shares of the company’s stock valued at $2,171,000 after buying an additional 3,084 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Bridgford Foods by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 47,964 shares of the company’s stock valued at $526,000 after buying an additional 2,111 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Stock Up 0.4 %

BRID opened at $10.76 on Thursday. The company has a quick ratio of 2.56, a current ratio of 4.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $97.70 million, a price-to-earnings ratio of 25.02 and a beta of -0.58. Bridgford Foods has a twelve month low of $10.03 and a twelve month high of $13.41. The company’s 50-day moving average price is $10.85 and its two-hundred day moving average price is $10.82.

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

About Bridgford Foods

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.