BGSF (NYSE:BGSF) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.

A number of other analysts have also recently weighed in on BGSF. Roth Mkm decreased their price objective on BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Roth Capital set a $9.00 price objective on BGSF in a research report on Thursday, March 20th.

BGSF Stock Down 1.4%

Shares of NYSE BGSF opened at $3.41 on Friday. The stock has a market cap of $37.77 million, a PE ratio of -34.10 and a beta of 0.86. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 52-week low of $2.91 and a 52-week high of $9.22. The business has a 50-day moving average price of $3.49 and a 200 day moving average price of $4.95.

BGSF (NYSE:BGSF) last announced its earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.11. The firm had revenue of $63.23 million during the quarter, compared to analysts’ expectations of $62.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. Equities research analysts forecast that BGSF will post -0.3 earnings per share for the current year.

Institutional Trading of BGSF

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in BGSF during the 4th quarter worth approximately $29,000. Millennium Management LLC purchased a new position in shares of BGSF during the 4th quarter worth approximately $60,000. Allworth Financial LP purchased a new position in shares of BGSF during the 4th quarter worth approximately $101,000. Bridge City Capital LLC raised its stake in shares of BGSF by 10.8% during the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock worth $192,000 after buying an additional 5,055 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after buying an additional 11,483 shares in the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

BGSF Company Profile

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.