Nuveen LLC Takes Position in Bridgford Foods Corporation $BRID

Key Points

• Nuveen LLC has acquired a new stake in Bridgford Foods Corporation, purchasing 70,834 shares valued at approximately $570,000, representing about 0.78% of the company.
• Northern Trust Corp increased its holdings in Bridgford Foods by 28.6%, owning 31,913 shares valued at $343,000.
• Bridgford Foods reported a quarterly loss of ($0.18) earnings per share and had revenues of $51.95 million for the last quarter.

Nuveen LLC purchased a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 70,834 shares of the company's stock, valued at approximately $570,000. Nuveen LLC owned approximately 0.78% of Bridgford Foods at the end of the most recent quarter.

Separately, Northern Trust Corp increased its position in shares of Bridgford Foods by 28.6% during the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company's stock worth $343,000 after acquiring an additional 7,093 shares in the last quarter. Institutional investors own 4.68% of the company's stock.

Bridgford Foods Stock Down 0.2%

Shares of NASDAQ:BRID traded down $0.01 during midday trading on Tuesday, hitting $7.94. 410 shares of the company's stock were exchanged, compared to its average volume of 3,122. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 1.48. The stock has a 50 day moving average price of $7.67 and a 200-day moving average price of $8.19. The company has a market cap of $72.06 million, a PE ratio of -9.99 and a beta of -0.26. Bridgford Foods Corporation has a 12 month low of $7.35 and a 12 month high of $10.83.

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

About Bridgford Foods

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.