Bridgford Foods Co. (NASDAQ:BRID) Short Interest Down 7.0% in March

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,000 shares, a drop of 7.0% from the March 15th total of 4,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Bridgford Foods

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Bridgford Foods by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 182,721 shares of the company’s stock worth $2,540,000 after purchasing an additional 1,535 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Bridgford Foods by 4.3% in the third quarter. Neuberger Berman Group LLC now owns 111,938 shares of the company’s stock worth $1,584,000 after purchasing an additional 4,569 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Bridgford Foods by 4.6% in the third quarter. Vanguard Group Inc. now owns 47,964 shares of the company’s stock worth $526,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Bridgford Foods by 47.6% in the fourth quarter. Northern Trust Corp now owns 27,428 shares of the company’s stock worth $302,000 after purchasing an additional 8,847 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Bridgford Foods Stock Performance

NASDAQ BRID opened at $10.72 on Wednesday. Bridgford Foods has a 52-week low of $10.03 and a 52-week high of $13.41. The company has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.56 and a current ratio of 4.71. The company has a market capitalization of $97.34 million, a PE ratio of 24.93 and a beta of -0.58.

Bridgford Foods (NASDAQ:BRID) last posted its earnings results on Friday, March 8th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $54.84 million during the quarter. Bridgford Foods had a net margin of 1.54% and a return on equity of 2.93%.

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.