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

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

A number of other equities research analysts have also recently weighed in on the company. Roth Capital set a $9.00 price target on BGSF in a report on Thursday, March 20th. Roth Mkm lowered their target price 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 Trading Down 1.5 %

Shares of NYSE BGSF opened at $3.29 on Wednesday. The company has a market cap of $36.44 million, a price-to-earnings ratio of -32.90 and a beta of 1.28. The stock’s 50 day simple moving average is $4.36 and its 200 day simple moving average is $5.80. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 12-month low of $3.09 and a 12-month high of $9.45.

BGSF (NYSE:BGSF) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $64.41 million for the quarter, compared to analyst estimates 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 expect that BGSF will post -0.3 EPS for the current year.

Institutional Trading of BGSF

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in BGSF in the fourth quarter worth approximately $29,000. Millennium Management LLC acquired a new stake in shares of BGSF in the fourth quarter valued at $60,000. Allworth Financial LP bought a new position in BGSF during the fourth quarter valued at about $101,000. Northern Trust Corp grew its holdings in 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 period. Finally, Perritt Capital Management Inc raised its position in BGSF by 42.8% in the fourth quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock worth $247,000 after acquiring an additional 14,113 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.