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

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Several other research firms also recently weighed in on BGSF. Roth Capital set a $9.00 target price on BGSF in a research report on Thursday, March 20th. Roth Mkm lowered their price objective on BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

BGSF Price Performance

NYSE BGSF opened at $3.67 on Tuesday. The company has a 50-day moving average price of $4.56 and a 200-day moving average price of $5.95. BGSF has a 52 week low of $3.32 and a 52 week high of $9.98. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $40.60 million, a P/E ratio of -36.65 and a beta of 1.51.

BGSF (NYSE:BGSF) last announced its 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 analysts’ expectations of $67.65 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. Equities research analysts anticipate that BGSF will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On BGSF

A number of institutional investors have recently bought and sold shares of BGSF. Pacific Ridge Capital Partners LLC lifted its position in shares of BGSF by 33.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after acquiring an additional 105,699 shares in the last quarter. Allworth Financial LP purchased a new position in BGSF in the 4th quarter worth approximately $101,000. Geode Capital Management LLC boosted its stake in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares during the period. Tieton Capital Management LLC grew its holdings in BGSF by 24.7% during the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after buying an additional 123,410 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of BGSF during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.