StockNews.com Begins Coverage on BGSF (NYSE:BGSF)

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research note released on Monday. The firm issued a hold rating on the stock.

Separately, Roth Mkm dropped their target price on shares of BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 20th.

BGSF Stock Down 0.7 %

Shares of BGSF opened at $3.52 on Monday. The firm has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $6.11. The company has a market cap of $38.94 million, a P/E ratio of -35.15 and a beta of 1.51. BGSF has a one year low of $3.34 and a one year high of $10.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $64.41 million for the quarter, compared to analyst estimates of $67.65 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. Research analysts forecast that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BGSF. Allworth Financial LP bought a new stake in BGSF during the 4th quarter worth $101,000. Geode Capital Management LLC boosted its stake in shares of BGSF by 3.3% during the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares in the last quarter. Tieton Capital Management LLC grew its holdings in shares of BGSF by 24.7% during the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after purchasing an additional 123,410 shares during the last quarter. Millennium Management LLC acquired a new position in shares of BGSF in the fourth quarter valued at approximately $60,000. Finally, Northern Trust Corp raised its holdings in BGSF by 43.8% in the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after buying an additional 11,483 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.