BGSF (NYSE:BGSF) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

BGSF has been the topic of several other research reports. Roth Mkm dropped their target price on shares of BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Roth Capital set a $9.00 target price on shares of BGSF in a research note on Thursday, March 20th.

BGSF Stock Up 6.0%

BGSF stock opened at $4.34 on Monday. BGSF has a twelve month low of $2.91 and a twelve month high of $9.22. The firm has a 50 day moving average price of $3.47 and a 200-day moving average price of $4.83. The company has a market capitalization of $48.16 million, a P/E ratio of -43.35 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 (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. The company had revenue of $63.23 million during the quarter, compared to the consensus estimate of $62.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. As a group, equities analysts predict that BGSF will post -0.3 EPS for the current year.

Hedge Funds Weigh In On BGSF

A number of large investors have recently added to or reduced their stakes in the stock. Bridge City Capital LLC grew its holdings in shares of BGSF by 10.8% in the first quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock valued at $192,000 after purchasing an additional 5,055 shares during the period. Tower Research Capital LLC TRC acquired a new stake in BGSF in the fourth quarter valued at approximately $29,000. Dimensional Fund Advisors LP raised its holdings in BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after acquiring an additional 7,592 shares in the last quarter. Millennium Management LLC acquired a new stake in BGSF during the fourth quarter worth approximately $60,000. Finally, Northern Trust Corp grew its position in shares of BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after acquiring an additional 11,483 shares during the last quarter. 37.19% of the stock is currently 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.