Separately, TheStreet downgraded shares of Bridgford Foods from a “b” rating to a “c” rating in a research note on Wednesday, September 11th.
BRID stock traded up $0.01 during mid-day trading on Wednesday, reaching $26.70. The company had a trading volume of 40,232 shares, compared to its average volume of 5,473. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.60 and a quick ratio of 1.45. The company has a market capitalization of $242.36 million, a PE ratio of 33.40 and a beta of 1.08. The firm has a 50 day moving average of $33.61 and a 200 day moving average of $30.44. Bridgford Foods has a 12 month low of $15.76 and a 12 month high of $38.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Bridgford Foods by 7,151.6% during the second quarter. BlackRock Inc. now owns 72,516 shares of the company’s stock valued at $2,157,000 after purchasing an additional 71,516 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bridgford Foods by 42.6% during the second quarter. Vanguard Group Inc. now owns 23,670 shares of the company’s stock valued at $705,000 after purchasing an additional 7,069 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Bridgford Foods by 11.0% during the second quarter. Northern Trust Corp now owns 15,800 shares of the company’s stock valued at $470,000 after purchasing an additional 1,571 shares in the last quarter. Hedge funds and other institutional investors own 6.84% of the company’s stock.
About Bridgford Foods
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. The company operates in two segments, Frozen Food Products and Snack Food Products. It primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products.
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