Bridgford Foods (NASDAQ:BRID) Stock Rating Lowered by TheStreet
Bridgford Foods (NASDAQ:BRID) was downgraded by stock analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
Shares of NASDAQ:BRID traded up $0.39 on Wednesday, reaching $35.42. 1 shares of the company’s stock were exchanged, compared to its average volume of 3,001. The company has a fifty day moving average of $35.02 and a 200-day moving average of $29.49. Bridgford Foods has a twelve month low of $13.47 and a twelve month high of $38.00. The company has a market capitalization of $305.71 million, a price-to-earnings ratio of 40.10 and a beta of 1.11. The company has a current ratio of 2.60, a quick ratio of 1.45 and a debt-to-equity ratio of 0.18.
In other Bridgford Foods news, Director Bruce Bridgford sold 3,448 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $34.20, for a total transaction of $117,921.60. Following the transaction, the director now owns 3,090 shares in the company, valued at approximately $105,678. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 81.60% of the company’s stock.
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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