Bridgford Foods Corporation (NASDAQ:BRID) Sees Large Drop in Short Interest

Bridgford Foods Corporation (NASDAQ:BRID) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 10,807 shares, a decrease of 23.2% from the January 15th total of 14,076 shares. Based on an average daily volume of 2,710 shares, the short-interest ratio is presently 4.0 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 2,710 shares, the short-interest ratio is presently 4.0 days.

Bridgford Foods Trading Down 0.2%

NASDAQ BRID opened at $7.59 on Tuesday. The stock has a market capitalization of $68.93 million, a P/E ratio of -5.16 and a beta of -0.26. The business has a 50 day simple moving average of $7.89 and a 200 day simple moving average of $7.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.98 and a quick ratio of 1.24. Bridgford Foods has a one year low of $7.24 and a one year high of $10.77.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Wednesday, January 28th. The company reported ($0.74) earnings per share (EPS) for the quarter. The business had revenue of $75.85 million for the quarter. Bridgford Foods had a negative return on equity of 10.97% and a negative net margin of 5.78%.

Institutional Investors 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 shares of Bridgford Foods Corporation (NASDAQ:BRID) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods at the end of the most recent reporting period. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

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