ValuEngine Lowers Bridgford Foods (NASDAQ:BRID) to Hold

Bridgford Foods (NASDAQ:BRID) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday, ValuEngine reports.

Separately, TheStreet raised shares of Bridgford Foods from a “c” rating to a “b” rating in a research report on Monday, January 27th.

Shares of BRID stock opened at $21.70 on Friday. The firm has a fifty day moving average of $23.88 and a 200-day moving average of $28.05. The company has a quick ratio of 1.32, a current ratio of 2.65 and a debt-to-equity ratio of 0.18. Bridgford Foods has a 12-month low of $18.94 and a 12-month high of $38.00. The company has a market capitalization of $196.97 million, a price-to-earnings ratio of 27.13 and a beta of 1.07.

Several hedge funds have recently modified their holdings of BRID. Barclays PLC grew its position in Bridgford Foods by 100.3% in the fourth quarter. Barclays PLC now owns 1,731 shares of the company’s stock valued at $43,000 after purchasing an additional 867 shares in the last quarter. UBS Group AG grew its position in Bridgford Foods by 139.5% in the fourth quarter. UBS Group AG now owns 3,181 shares of the company’s stock valued at $79,000 after purchasing an additional 1,853 shares in the last quarter. Northern Trust Corp grew its position in Bridgford Foods by 11.0% in 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. State Street Corp grew its position in Bridgford Foods by 27.9% in the third quarter. State Street Corp now owns 19,332 shares of the company’s stock valued at $583,000 after purchasing an additional 4,214 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Bridgford Foods by 7.8% in the third quarter. California Public Employees Retirement System now owns 20,127 shares of the company’s stock valued at $607,000 after purchasing an additional 1,455 shares in the last quarter. 7.17% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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