Ownership Action to Note: Institutional Investors Love Bridgford Foods Corp (NASDAQ:BRID)

November 22, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action to Note: Institutional Investors  Love Bridgford Foods Corp (NASDAQ:BRID)

Sentiment for Bridgford Foods Corp (NASDAQ:BRID)

Bridgford Foods Corp (NASDAQ:BRID) institutional sentiment increased to 2 in Q2 2016. Its up 1.00, from 1 in 2016Q1. The ratio increased, as 4 investment managers opened new and increased holdings, while 4 sold and reduced equity positions in Bridgford Foods Corp. The investment managers in our partner’s database reported: 397,892 shares, up from 394,606 shares in 2016Q1. Also, the number of investment managers holding Bridgford Foods Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 1 New Position: 3.

Bridgford Foods Corporation is engaged in the manufacturing, marketing and distribution of a range of frozen and snack food products throughout the United States. The company has a market cap of $112.72 million. The Firm operates in two business divisions, which include the processing and distribution of frozen products, and the processing and distribution of snack food products. It has a 7.04 P/E ratio. The Company’s frozen food products segment serves both food service and retail customers.

The stock closed at $12.49 during the last session. It is down 1.07% since April 20, 2016 and is uptrending. It has underperformed by 3.48% the S&P500.

According to Zacks Investment Research, “Bridgford Foods Corporation operates in one business segment – the manufacture and distribution of frozen, refrigerated and snack food products. The products manufactured and distributed by Bridgford consist of an extensive line of food products, including a variety of sliced luncheon meats and cheeses, wieners, bacon, sandwiches, dry sausages, biscuits, bread dough items and roll dough items. The products purchased by Bridgford for resale include a variety of jerky, cheeses, salads, party dips, Mexican foods, nuts and other delicatessen type food products.”

Acadian Asset Management Llc holds 0% of its portfolio in Bridgford Foods Corporation for 90 shares. Axa owns 817 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 584 shares. The New Jersey-based Blackrock Investment Management Llc has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 18,672 shares.#img1#

BRID Company Profile

Bridgford Foods Corporation, incorporated on December 31, 1952, is engaged in the manufacturing, marketing and distribution of a range of frozen and snack food products throughout the United States. The Firm operates in two business divisions, which include the processing and distribution of frozen products, and the processing and distribution of snack food products. The Firm makes and distributes various food products, including biscuits, bread dough items, roll dough items, dry sausage products and beef jerky.

More notable recent Bridgford Foods Corporation (NASDAQ:BRID) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Seekingalpha.com with their article: “Bridgford Foods: An Obscure Name With Nice Potential” published on October 08, 2014, Equitiesfocus.com published: “Bridgford Foods Corporation (NASDAQ:BRID) Reports Basic Consolidated EPS At $1 …” on November 12, 2016. More interesting news about Bridgford Foods Corporation (NASDAQ:BRID) were released by: Equitiesfocus.com and their article: “Bridgford Foods Corporation (NASDAQ:BRID) Basic Consolidated EPS At $1.6972” published on November 06, 2016 as well as Prweb.com‘s news article titled: “Bridgford Foods Launches New Intuitive Website” with publication date: June 20, 2013.

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By Clifton Ray


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