Bridgford Foods (NASDAQ:BRID) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Bridgford Foods' stock has been given a "sell (E+)" rating by Weiss Ratings, indicating a negative outlook from investment analysts.
• The company's shares increased by 3.1%, reaching $8.38, but it has reported a negative EPS of ($0.18) for the last quarter.
• Nuveen LLC has recently acquired a new stake in Bridgford Foods, purchasing 70,834 shares valued at approximately $570,000, representing a slight ownership of 0.78% in the company.

Bridgford Foods (NASDAQ:BRID - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Bridgford Foods Trading Up 3.1%

Shares of NASDAQ:BRID traded up $0.26 during midday trading on Wednesday, reaching $8.38. The company's stock had a trading volume of 800 shares, compared to its average volume of 3,514. The firm has a market cap of $76.05 million, a price-to-earnings ratio of -10.47 and a beta of -0.21. The company has a quick ratio of 1.48, a current ratio of 3.54 and a debt-to-equity ratio of 0.01. Bridgford Foods has a 1 year low of $7.35 and a 1 year high of $10.83. The business has a 50 day moving average price of $7.78 and a 200 day moving average price of $7.87.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported ($0.18) EPS for the quarter. The business had revenue of $51.95 million during the quarter. Bridgford Foods had a negative net margin of 3.19% and a negative return on equity of 5.81%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgford Foods stock. Nuveen LLC bought a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 70,834 shares of the company's stock, valued at approximately $570,000. Nuveen LLC owned about 0.78% of Bridgford Foods at the end of the most recent quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Bridgford Foods Company Profile

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.

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