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

Key Points

• Bridgford Foods' stock (NASDAQ:BRID) has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns among analysts.
• The company's recent stock performance shows a 3.8% decline on Friday, with shares trading at $7.95, against a 52-week low of $7.28.
• Bridgford Foods reported a loss of $0.18 per share in its latest quarterly earnings, highlighting a negative net margin of 3.19% and a negative return on equity of 5.81%.

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

Bridgford Foods Stock Down 3.8%

Shares of NASDAQ:BRID traded down $0.31 on Friday, hitting $7.95. 7,604 shares of the company traded hands, compared to its average volume of 3,330. Bridgford Foods has a 52 week low of $7.28 and a 52 week high of $10.83. The company has a quick ratio of 1.48, a current ratio of 3.54 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $7.82 and a 200-day simple moving average of $7.82. The company has a market cap of $72.19 million, a PE ratio of -9.94 and a beta of -0.21.

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

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Nuveen LLC acquired a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period. Hedge funds and other institutional investors own 4.68% of the company's stock.

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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