Bridgford Foods (NASDAQ:BRID) Releases Earnings Results

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

Bridgford Foods Price Performance

Shares of NASDAQ BRID opened at $7.43 on Tuesday. The company’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $7.68. Bridgford Foods has a fifty-two week low of $7.00 and a fifty-two week high of $8.74. The firm has a market capitalization of $67.46 million, a P/E ratio of -5.16 and a beta of -0.20.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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. bought a new stake in Bridgford Foods Corporation (NASDAQ:BRID) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.68% of the company’s stock.

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.