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 Video: What is a Stock Split?
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| Bridgford Foods is primarily engaged in the manufacturing, marketing, and distribution of a line of frozen and snack food products. Co. operates in two business segments: the processing and distribution of frozen products and the processing and distribution of snack food products. Co. manufactures its food products and distributes a line of biscuits, bread dough items, roll dough items, dry sausage products and beef jerky. Co.'s direct store delivery network consists of non-refrigerated snack food products. Co.'s frozen food products division serves both food service and retail customers. According to our BRID split history records, Bridgford Foods has had 8 splits. | |
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Bridgford Foods (BRID) has 8 splits in our BRID split history database. The first split for BRID took place on January 05, 1988. This was a 3 for 2
split, meaning for each 2
shares of BRID owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. BRID's second split took place on January 04, 1989. This was a 3 for 2
split, meaning for each 2
shares of BRID owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. BRID's third split took place on January 04, 1990. This was a 3 for 2
split, meaning for each 2
shares of BRID owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. BRID's 4th split took place on December 31, 1990. This was a 3 for 2
split, meaning for each 2
shares of BRID owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. BRID's 5th split took place on January 06, 1991. BRID's 6th split took place on December 03, 1997. This was a 11 for 10
split, meaning for each 10
shares of BRID owned pre-split, the shareholder now owned 11 shares. For example, a 5062.5 share position pre-split, became a 5568.75 share position following the split. BRID's 7th split took place on December 04, 1998. This was a 11 for 10
split, meaning for each 10
shares of BRID owned pre-split, the shareholder now owned 11 shares. For example, a 5568.75 share position pre-split, became a 6125.625 share position following the split. BRID's 8th split took place on January 06, 1992. This was a 3 for 2 split, meaning for each 2 shares of BRID owned pre-split, the shareholder now owned 3 shares. For example, a 6125.625 share position pre-split, became a 9188.4375 share position following the split.
When a company such as Bridgford Foods splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the BRID split history from start to finish, an original position size of 1000 shares would have turned into 9188.4375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bridgford Foods shares, starting with a $10,000 purchase of BRID, presented on a split-history-adjusted basis factoring in the complete BRID split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$8.13 |
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| End price/share: |
$13.93 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
71.34% |
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| Average Annual Total Return: |
5.54% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,138.72 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/05/1988 | 3 for 2
| | 01/04/1989 | 3 for 2
| | 01/04/1990 | 3 for 2
| | 12/31/1990 | 3 for 2
| | 01/06/1991 | 1 for 1 | | 12/03/1997 | 11 for 10
| | 12/04/1998 | 11 for 10
| | 01/06/1992 | 3 for 2 |
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