Bridgford Foods Co. (NASDAQ:BRID - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 7,500 shares, a growth of 7.1% from the January 15th total of 7,000 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company's stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company's stock worth $343,000 after purchasing an additional 7,093 shares during the period. Factorial Partners LLC boosted its position in shares of Bridgford Foods by 13.8% during the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock valued at $263,000 after acquiring an additional 3,037 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bridgford Foods by 29.9% during the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company's stock valued at $220,000 after acquiring an additional 5,558 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Bridgford Foods during the 4th quarter valued at about $124,000. Institutional investors own 4.68% of the company's stock.
Bridgford Foods Stock Performance
NASDAQ:BRID traded up $0.05 during trading on Thursday, reaching $10.11. The company's stock had a trading volume of 1,790 shares, compared to its average volume of 1,859. The firm has a market cap of $91.75 million, a price-to-earnings ratio of -27.31 and a beta of -0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.71 and a current ratio of 4.74. The firm has a 50 day moving average of $10.47 and a 200-day moving average of $9.85. Bridgford Foods has a 12 month low of $7.77 and a 12 month high of $14.69.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.07) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.
Bridgford Foods Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Bridgford Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bridgford Foods wasn't on the list.
While Bridgford Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
