Roth Mkm Has Lowered Expectations for BGSF (NYSE:BGSF) Stock Price

BGSF (NYSE:BGSF) had its target price cut by equities researchers at Roth Mkm from $12.00 to $9.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 156.63% from the stock’s current price.

Separately, StockNews.com initiated coverage on shares of BGSF in a research note on Sunday, March 16th. They issued a “hold” rating on the stock.

BGSF Trading Down 5.0 %

BGSF stock opened at $3.51 on Thursday. The company has a market capitalization of $38.66 million, a PE ratio of -35.07 and a beta of 1.51. BGSF has a one year low of $3.34 and a one year high of $10.50. The company’s 50 day moving average price is $4.80 and its two-hundred day moving average price is $6.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate 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 positive return on equity of 0.19% and a negative net margin of 0.48%. As a group, analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Tieton Capital Management LLC increased its stake in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after buying an additional 123,410 shares during the period. Pacific Ridge Capital Partners LLC increased its stake 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 worth $2,224,000 after buying an additional 105,699 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of BGSF by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock worth $1,657,000 after buying an additional 7,592 shares during the period. Geode Capital Management LLC increased its position in 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 purchasing an additional 3,092 shares during the period. Finally, Perritt Capital Management Inc increased its position in BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after purchasing an additional 14,113 shares during the period. 37.19% of the stock is owned by hedge funds and other institutional investors.

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.