Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
17 March 1980Website:
http://www.bridgford.comNext earnings report:
16 August 2024Last dividends:
23 November 2012Next dividends:
N/APrice
regular market | Wed, 03 Jul 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
BRID Latest News
Bridgford Foods receives a buy rating due to its market price trading below its tangible book value and potential for growth when market headwinds subside. The company is going through inflationary pressures that have persisted over the past 2 years materially damaging margins. I believe there is hidden value on the balance sheet due to GAAP accounting rules.
Bridgford Foods Corporation is undervalued and has a solid balance sheet, making it a good investment despite macro headwinds. The company is focused on expanding its distribution network, which will lead to compounding growth and improved cash flows. Bridgford must restructure its strategy to stimulate growth and recover from recent declines in earnings and revenues.
Bridgford Foods Corporation has made massive progress over the years, and thanks to the company's hidden value in real estate, fiscal 2022 was the firm's best year in its nearly 100-year history. In 2000, Bridgford Foods initiated a large 2 million share buyback due to perceived undervaluation, with only 120,000 shares currently remaining for repurchase. Due to the 2022 sale of a meat processing plant in downtown Chicago, purchased in 1975 for $500,000 and sold for $60,000,000, shareholders' equity increased by 68%, long-term debt fell from $36 million to $3.89 million, and cash increased from zero to $16 million.
What type of business is Bridgford Foods?
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products. It provides approximately 130 frozen food products to food service and retail customers through wholesalers, cooperatives, and distributors; and 170 snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. The company was founded in 1932 and is headquartered in Dallas, Texas. Bridgford Foods Corporation is a subsidiary of Bridgford Industries Incorporated.
What sector is Bridgford Foods in?
Bridgford Foods is in the Consumer Defensive sector
What industry is Bridgford Foods in?
Bridgford Foods is in the Packaged Foods industry
What country is Bridgford Foods from?
Bridgford Foods is headquartered in United States
When did Bridgford Foods go public?
Bridgford Foods initial public offering (IPO) was on 17 March 1980
What is Bridgford Foods website?
https://www.bridgford.com
Is Bridgford Foods in the S&P 500?
No, Bridgford Foods is not included in the S&P 500 index
Is Bridgford Foods in the NASDAQ 100?
No, Bridgford Foods is not included in the NASDAQ 100 index
Is Bridgford Foods in the Dow Jones?
No, Bridgford Foods is not included in the Dow Jones index
When does Bridgford Foods report earnings?
The next expected earnings date for Bridgford Foods is 16 August 2024