Bridgford Foods CEO Allan Jr. Buys 101 Shares at $7.7 Each.

Bridgford Foods Corp (BRID) has announced that Bridgford Allan Jr. has acquired 101 shares at a price of $7.7 per share on June 12, 2025.

Bridgford Foods Corp (BRID), a prominent player in the food industry, has recently seen significant insider activity. Allan Bridgford Jr., a consultant for the company, has acquired an additional 101 shares at a price of $7.70 per share on June 12, 2025. This purchase brings his total holdings to 45,075 shares, as disclosed in a recent SEC filing [1].

The acquisition comes at a time when the stock is trading near its 52-week low, with InvestingPro analysis indicating potential undervaluation. The company maintains strong liquidity with a current ratio of 3.88, though its overall financial health score is currently weak. These insights underscore the potential for investors to consider the stock, given the current market conditions.

In other recent news, Bridgford Foods Corp held its annual shareholder meeting, where several important decisions were made. All management-nominated directors were elected to serve one-year terms, including key figures such as William L. Bridgford and Allan Bridgford Sr. Additionally, shareholders approved the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2025. However, a shareholder proposal to take Bridgford Foods private was not approved, with a majority voting against it. The meeting was attended by 94% of eligible shareholders, indicating strong participation [2].

Richard Eugene Bridgford, Vice President of Industrial Relations & Safety at Bridgford Foods Corp, also recently acquired 50 shares of the company’s common stock. The purchase was made at a price of $7.90 per share, totaling $395, reflecting his ongoing commitment to the company amidst the competitive food industry landscape [3].

These insider purchases are significant indicators of confidence in Bridgford Foods Corp’s future prospects. However, investors should carefully consider the company's financial health and market conditions before making investment decisions.

References:
[1] https://www.investing.com/news/insider-trading-news/bridgford-foods-consultant-acquires-shares-valued-at-577-93CH-4089520
[2] https://ca.investing.com/news/insider-trading-news/bridgford-foods-corp-executive-buys-shares-for-395-93CH-4058737
[3] https://quantisnow.com/insight/consultant-bridgford-allan-jr-bought-578-worth-of-common-stock-100-pv-75-units-6080185