Bridgford Foods Corporation
- Open
- 6.53
- Day high
- 6.89
- Day low
- 6.53
- Prev close
- 6.49
- Volume
- 0
- Mkt cap
- $63M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 0.3
- Yield
- —
- Per share
- —
- ▲Insiders net buying $10K over the last 3 months (5 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions reducing (13F)
Bridgford Foods Corporation (BRID) is a Consumer Defensive company listed on NASDAQ. The stock is down 17% over the past year. Over the trailing 3 months, insiders filed 5 open-market buys and 0 sales (SEC Form 4).
Bridgford Foods Corporation (BRID) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BRID earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 1, 2026 | — | $-0.54 | — | $50M | — |
| Mar 6, 2026 | — | $-0.09 | — | $55M | — |
| Aug 22, 2025 | — | $-0.18 | — | $52M | — |
| Jun 2, 2025 | — | $-0.43 | — | $51M | — |
| Mar 7, 2025 | — | $-0.12 | — | $53M | — |
| Aug 23, 2024 | — | $-0.20 | — | $49M | — |
| May 31, 2024 | — | $-0.24 | — | $47M | — |
| Mar 8, 2024 | — | $0.14 | — | $55M | — |
| Aug 18, 2023 | — | $0.08 | — | $54M | — |
| May 26, 2023 | — | $0.02 | — | $56M | — |
| Mar 6, 2023 | — | $0.10 | — | $62M | — |
| Aug 26, 2022 | — | $-0.47 | — | $60M | — |
BRID insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Bridgford Allan Jr.other: Consultant | Buy | 687 | $6.95 |
| Jun 17, 2026 | Bridgford Allan Jr.other: Consultant | Buy | 67 | $6.95 |
| Jun 16, 2026 | Bridgford Richard Eugeneother: Vice President | Buy | 150 | $6.95 |
| Jun 16, 2026 | Bridgford Allan Jr.other: Consultant | Buy | 70 | $6.99 |
| Jun 15, 2026 | Matthews-Morales Cindyofficer: CFO, Secretary | Buy | 500 | $6.86 |
| Jun 13, 2025 | Bridgford Allan Jr.other: Consultant | Buy | 101 | $7.70 |
| Jun 10, 2025 | Bridgford Allan Jr.other: Consultant | Buy | 75 | $7.70 |
| Jun 10, 2025 | Bridgford Richard Eugeneother: V.P. Ind. Relations & Safety | Buy | 50 | $7.90 |
| Apr 1, 2025 | Bridgford Allan Jr.other: Consultant | Buy | 100 | $8.34 |
| Apr 1, 2025 | Bridgford Baronother: President, BFI | Buy | 100 | $8.15 |
| Apr 1, 2025 | Bridgford Richard Eugeneother: V.P. Ind. Relations & Safety | Buy | 50 | $8.02 |
| Apr 1, 2025 | Bridgford Allan Jr.other: Consultant | Buy | 300 | $8.34 |
| Mar 28, 2025 | Bridgford Allan Jr.other: Consultant | Buy | 600 | $8.33 |
| Mar 28, 2025 | Bridgford Richard Eugeneother: V.P. Ind. Relations & Safety | Buy | 100 | $8.36 |
| Oct 1, 2024 | Bridgford Brian E.other: V.P. Production | Buy | 300 | $9.10 |
Source: BRID SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full BRID insider & 13F page →Bridgford Foods Corporation company profile
Overview
Bridgford Foods Corporation (NASDAQ:BRID) is a family-owned food manufacturing company founded in 1932 and headquartered in Dallas, Texas. The company has been publicly traded since 1980 and operates as a subsidiary of Bridgford Industries Incorporated. With over 90 years of experience in the food industry, Bridgford specializes in producing frozen, refrigerated, and snack food products distributed throughout the United States. The company has built its reputation on traditional food manufacturing techniques while serving both foodservice operators and retail customers across the country.
Business
Bridgford Foods operates in the packaged foods industry, specifically focusing on two main business segments that serve different market channels. The company manufactures and distributes approximately 300 different food products across its portfolio. The Frozen Food Products segment represents the company's traditional core business, producing items like biscuits, bread dough, and roll dough products. These frozen bakery items are designed for foodservice operations such as restaurants, cafeterias, and institutional kitchens that need convenient, ready-to-bake products. The frozen dough products allow foodservice operators to serve fresh-baked items without the complexity of making dough from scratch. This segment offers approximately 130 different products distributed through wholesalers, cooperatives, and distributors to reach foodservice and retail customers. The Snack Food Products segment focuses on shelf-stable protein snacks, primarily dry sausage and beef jerky products. These products cater to the growing consumer demand for portable, high-protein snack options. The snack foods are distributed through approximately 170 different items sold in supermarkets, mass merchandise stores, and convenience stores. Distribution occurs through customer-owned distribution centers and a direct store delivery network that ensures product freshness and availability. Based on recent financial data, the company generates revenue from both segments, though specific revenue breakdowns by segment are not consistently disclosed in the available financial statements. The frozen foods segment traditionally serves the foodservice industry, while the snack foods segment targets retail consumers directly.
Revenue model
Bridgford Foods generates revenue through direct product sales to two distinct customer channels. The company operates on a traditional manufacturing and distribution business model where it produces food products in its facilities and sells them to various intermediaries and end customers. For the Frozen Food Products segment, revenue comes from selling frozen bakery items to foodservice distributors, wholesalers, and cooperatives. These intermediaries then supply restaurants, institutional kitchens, schools, and other foodservice operations. The customers in this segment are primarily B2B buyers who purchase in bulk quantities and value consistency, quality, and convenience in their food preparation operations. The Snack Food Products segment generates revenue through sales to retail channels including supermarket chains, mass merchandise retailers, and convenience stores. The company utilizes both customer-owned distribution centers and its own direct store delivery network to ensure product placement and freshness. This segment targets end consumers who purchase individual packages of beef jerky and dry sausage products. Several factors influence the company's profitability margins. Commodity price fluctuations for key ingredients like beef, pork, wheat, and other raw materials directly impact cost of goods sold. Labor costs and availability affect manufacturing efficiency, while transportation and fuel costs influence distribution expenses. Competitive pressure from larger food manufacturers and private label products can limit pricing power. Seasonal demand patterns affect sales volumes, with certain products experiencing higher demand during specific times of the year. Food safety regulations and compliance requirements add operational costs but are essential for maintaining market access and consumer trust.
Competitive moat
Bridgford Foods operates in a highly competitive packaged foods industry with limited sustainable competitive advantages. The company's primary moat appears to be its established distribution relationships and brand recognition in specific regional markets, particularly for its snack food products. The company's direct store delivery network for snack foods provides some competitive advantage by ensuring product freshness and maintaining shelf space in retail locations. This distribution capability requires significant investment and operational expertise that smaller competitors may find difficult to replicate. Additionally, Bridgford's long-standing relationships with foodservice distributors and retail customers create some switching costs and customer loyalty. However, the company's moat is relatively narrow. The food manufacturing industry is characterized by low barriers to entry for many product categories, and Bridgford competes against much larger companies with greater resources, including major food conglomerates like Tyson Foods, Hormel, and private label manufacturers. These larger competitors often have superior economies of scale, broader distribution networks, and greater marketing budgets. The company faces potential disruption from changing consumer preferences toward healthier, organic, or plant-based alternatives, as well as from direct-to-consumer brands that bypass traditional retail channels. Private label competition from major retailers also poses a threat, as these products often offer similar quality at lower prices. The company's relatively small size limits its ability to invest heavily in innovation, marketing, or acquisitions that could strengthen its competitive position.
Risks & safety
Bridgford Foods presents a mixed margin of safety profile with some concerning financial trends but strong balance sheet fundamentals. • Cash burn and solvency: The company generated negative free cash flow of $5.1 million in Q1 2025 and $4.4 million for full year 2024, indicating operational challenges. However, with $4.7 million in cash and minimal debt, immediate solvency risk appears low. • Debt levels: Very conservative capital structure with debt-to-equity ratio of only 4.5%, indicating minimal financial leverage and low bankruptcy risk. • Liquidity position: Strong current ratio of 5.0x and quick ratio of 2.6x demonstrate excellent short-term liquidity and ability to meet obligations. • Valuation metrics: Trading at 0.75x book value suggests potential undervaluation, though negative earnings make traditional P/E ratios meaningless. Graham Net-Net ratio of 2.19x indicates the stock trades below net current asset value. • Profitability concerns: Company reported net losses in recent quarters with negative 0.9% return on equity, indicating operational difficulties that could persist without management action. • Revenue decline: Sales dropped from $252 million in 2023 to $224 million in 2024, suggesting market share loss or demand weakness.
Recent development
Based on the available financial statements, Bridgford Foods has experienced significant operational challenges over the past few years, though detailed strategic initiatives are not well-documented due to the absence of earnings call transcripts. The company's financial performance has deteriorated markedly since 2022, when it reported strong profitability with $45 million in net income and $69 million in EBITDA. Revenue declined from $266 million in 2022 to $224 million in 2024, representing a 16% decrease over two years. This decline coincided with a shift from profitability to losses, with the company reporting net losses in 2023 and 2024. The company has struggled with cash flow generation, posting negative free cash flows in recent periods despite maintaining operations. This suggests challenges in working capital management or operational efficiency. The deterioration appears to have accelerated in 2024, with particularly weak performance in the second and third quarters. Balance sheet management has remained conservative throughout this period, with the company maintaining low debt levels and substantial current assets relative to current liabilities. This financial discipline has provided a buffer during the operational difficulties. Without access to management commentary through earnings calls, the specific strategic responses to these challenges remain unclear. The company appears to be navigating industry headwinds that may include increased competition, commodity cost pressures, or changing consumer preferences affecting both its foodservice and retail channels.
BRID company profile · for informational purposes only — not investment advice.
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