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OAKBROOK TERRACE, IL—Allan Bridgford Jr., a consultant at Bridgford Foods Corp (NASDAQ:BRID), recently acquired additional shares in the company. The purchase comes as the stock trades near its 52-week low of $7.52, having declined about 27% over the past six months. According to InvestingPro analysis, the company appears undervalued at its current market capitalization of $71.25 million. According to a SEC filing dated June 12, 2025, Bridgford purchased 101 shares of common stock at a price of $7.70 per share, amounting to a total transaction value of $777. Following this acquisition, Bridgford’s total direct ownership in the company stands at 45,176 shares. The company operates with a moderate debt level and maintains strong liquidity with a current ratio of 3.88. InvestingPro subscribers can access 7 additional key insights about BRID’s financial health and market position.
In other recent news, Bridgford Foods Corporation held its annual shareholder meeting, which was attended by 94% of eligible shareholders. During the virtual meeting, all management-nominated directors were elected to serve one-year terms. The directors elected include William L. Bridgford, Allan Bridgford Sr., Todd C. Andrews, Raymond (NSE:RYMD) F. Lancy, Keith A. Ross, Mary Schott (ETR:1SXP), D. Gregory Scott, and John V. Simmons. Shareholders also approved the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2025. This proposal passed with a significant majority, receiving 8,507,187 votes in favor. A shareholder proposal to take Bridgford Foods private was not approved, with 7,555,665 votes against it. The detailed voting results for these matters have been disclosed in the company’s SEC filing. No other matters were presented for consideration at the meeting.
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