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

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

BGSF Price Performance

Shares of BGSF stock opened at $5.24 on Friday. The business’s fifty day moving average price is $5.76 and its 200 day moving average price is $7.27. BGSF has a twelve month low of $5.14 and a twelve month high of $10.74. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $57.74 million, a P/E ratio of -52.39 and a beta of 1.55.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.18). The firm had revenue of $71.19 million during the quarter, compared to analyst estimates of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, research analysts anticipate that BGSF will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On BGSF

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of BGSF by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after buying an additional 3,092 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in BGSF in the third quarter valued at approximately $131,000. Finally, King Luther Capital Management Corp grew its position in BGSF by 500.0% in the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after acquiring an additional 300,163 shares in the last quarter. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.