Bridgford Foods Stock Today

BRID Stock  USD 10.35  0.11  1.05%   

Performance

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Odds Of Distress

Less than 8

 
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Bridgford Foods is trading at 10.35 as of the 18th of May 2024, a -1.05 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.28. Bridgford Foods has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Bridgford Foods are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of May 2022 and ending today, the 18th of May 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
IPO Date
7th of September 1984
Category
Consumer Defensive
Classification
Consumer Staples
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. Bridgford Foods Corporation is a subsidiary of Bridgford Industries Incorporated. Bridgford Foods operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. The company has 9.08 M outstanding shares of which 3.63 K shares are currently shorted by private and institutional investors with about 4.57 trading days to cover. More on Bridgford Foods

Moving against Bridgford Stock

  0.41PM Philip Morris InternPairCorr

Bridgford Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bridgford Foods' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bridgford Foods or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Bridgford Foods' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bridgford Foods' managers, analysts, and investors.
Environmental
Governance
Social
ChairmanWilliam Bridgford
Thematic Ideas
(View all Themes)
Business ConcentrationPackaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, NASDAQ Composite, NASDAQ Composite Total, Processed Foods, Natural Foods, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors)
Average Analyst Recommendation
Analysts covering Bridgford Foods report their recommendations after researching Bridgford Foods' financial statements, talking to executives and customers, or listening in on Bridgford Foods' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bridgford Foods. The Bridgford consensus assessment is calculated by taking the average forecast from all of the analysts covering Bridgford Foods.
Financial Strength
Based on the key indicators related to Bridgford Foods' liquidity, profitability, solvency, and operating efficiency, Bridgford Foods is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Bridgford Foods is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.422.2931
Notably Up
Very volatile
Gross Profit Margin0.270.2898
Significantly Down
Slightly volatile
Total Current Liabilities15.1 M20.7 M
Way Down
Slightly volatile
Non Current Liabilities Total16 M22.4 M
Way Down
Pretty Stable
Total Assets201.7 M192 M
Sufficiently Up
Slightly volatile
Total Current Assets105.6 M100.6 M
Sufficiently Up
Slightly volatile
Bridgford Foods' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bridgford Foods' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bridgford Foods' financial leverage. It provides some insight into what part of Bridgford Foods' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Bridgford Foods' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Bridgford Foods deploys its capital and how much of that capital is borrowed.
Liquidity
Bridgford Foods cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 7.49 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest the company is not taking enough advantage from borrowing. Bridgford Foods has a current ratio of 2.43, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Bridgford Foods until it has trouble settling it off, either with new capital or with free cash flow. So, Bridgford Foods' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bridgford Foods sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bridgford to invest in growth at high rates of return. When we think about Bridgford Foods' use of debt, we should always consider it together with cash and equity.

Change In Cash

(682,812)
Bridgford Foods (BRID) is traded on NASDAQ Exchange in USA. It is located in 1707 South Good-Latimer Expressway, Dallas, TX, United States, 75226 and employs 671 people. Bridgford Foods is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 93.95 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bridgford Foods's market, we take the total number of its shares issued and multiply it by Bridgford Foods's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bridgford Foods conducts business under Food Products sector and is part of Consumer Staples industry. The entity has 9.08 M outstanding shares of which 3.63 K shares are currently shorted by private and institutional investors with about 4.57 trading days to cover. Bridgford Foods currently holds about 20.11 M in cash with 3.98 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21.
Check Bridgford Foods Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Bridgford Foods is $93.95 Million. Bridgford Foods shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 80.7 percent of Bridgford Foods outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Bridgford Ownership Details

Bridgford Stock Price Odds Analysis

What are Bridgford Foods' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Bridgford Foods jumping above the current price in 90 days from now is about 85.52%. The Bridgford Foods probability density function shows the probability of Bridgford Foods stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Bridgford Foods has a beta of 0.0343 suggesting as returns on the market go up, Bridgford Foods average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bridgford Foods will be expected to be much smaller as well. Additionally, bridgford Foods has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 10.35HorizonTargetOdds Above 10.35
14.28%90 days
 10.35 
85.52%
Based on a normal probability distribution, the odds of Bridgford Foods to move above the current price in 90 days from now is about 85.52 (This Bridgford Foods probability density function shows the probability of Bridgford Stock to fall within a particular range of prices over 90 days) .

Bridgford Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Bridgford Foods that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Bridgford Foods' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Bridgford Foods' value.
InstituionRecorded OnShares
Hanson Mcclain Inc2023-12-31
163
Royal Bank Of Canada2023-12-31
133
Morgan Stanley - Brokerage Accounts2023-12-31
100.0
Jpmorgan Chase & Co2023-12-31
21.0
Wells Fargo & Co2023-12-31
13.0
Ubs Group Ag2023-12-31
5.0
Dimensional Fund Advisors, Inc.2023-12-31
179.8 K
Nuveen Asset Management, Llc2023-12-31
70.8 K
Neuberger Berman Group Llc2023-12-31
50.8 K
Vanguard Group Inc2023-12-31
48.6 K
Northern Trust Corp2023-12-31
27.4 K
View Bridgford Foods Diagnostics

Bridgford Foods Historical Income Statement

Bridgford Foods Income Statement is one of the three primary financial statements used for reporting Bridgford's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bridgford Foods revenue and expense. Bridgford Foods Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Bridgford Foods' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 298.1 M, whereas Total Revenue is forecasted to decline to about 145.5 M. View More Fundamentals

Bridgford Stock Against Markets

Picking the right benchmark for Bridgford Foods stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bridgford Foods stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bridgford Foods is critical whether you are bullish or bearish towards Bridgford Foods at a given time. Please also check how Bridgford Foods' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bridgford Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bridgford Foods Corporate Executives

Elected by the shareholders, the Bridgford Foods' board of directors comprises two types of representatives: Bridgford Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bridgford. The board's role is to monitor Bridgford Foods' management team and ensure that shareholders' interests are well served. Bridgford Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bridgford Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Bridgford Stock?

Before investing in Bridgford Foods, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bridgford Foods. To buy Bridgford Foods stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bridgford Foods. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Bridgford Foods stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Bridgford Foods stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Bridgford Foods stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bridgford Foods, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Bridgford Stock please use our How to Invest in Bridgford Foods guide.

Already Invested in Bridgford Foods?

The danger of trading Bridgford Foods is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bridgford Foods is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bridgford Foods. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bridgford Foods is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bridgford Foods is a strong investment it is important to analyze Bridgford Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bridgford Foods' future performance. For an informed investment choice regarding Bridgford Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridgford Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Bridgford Foods' price analysis, check to measure Bridgford Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bridgford Foods is operating at the current time. Most of Bridgford Foods' value examination focuses on studying past and present price action to predict the probability of Bridgford Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgford Foods' price. Additionally, you may evaluate how the addition of Bridgford Foods to your portfolios can decrease your overall portfolio volatility.
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Is Bridgford Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bridgford Foods. If investors know Bridgford will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bridgford Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.325
Earnings Share
0.42
Revenue Per Share
26.976
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0168
The market value of Bridgford Foods is measured differently than its book value, which is the value of Bridgford that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgford Foods' value that differs from its market value or its book value, called intrinsic value, which is Bridgford Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bridgford Foods' market value can be influenced by many factors that don't directly affect Bridgford Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bridgford Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgford Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgford Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.