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

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

BGSF has been the subject of a number of other reports. Roth Capital set a $9.00 target price on BGSF in a research note on Thursday, March 20th. Roth Mkm decreased their price objective on BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 20th.

BGSF Price Performance

Shares of NYSE:BGSF opened at $4.11 on Friday. The company has a 50 day moving average price of $3.48 and a two-hundred day moving average price of $4.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $45.53 million, a PE ratio of -41.10 and a beta of 0.86. BGSF has a 52 week low of $2.91 and a 52 week high of $9.22.

BGSF (NYSE:BGSF) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.11. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $63.23 million during the quarter, compared to analyst estimates of $62.00 million. Analysts forecast that BGSF will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On BGSF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in BGSF in the 4th quarter worth $29,000. Millennium Management LLC acquired a new stake in shares of BGSF in the 4th quarter valued at about $60,000. Allworth Financial LP acquired a new position in shares of BGSF during the fourth quarter worth about $101,000. Bridge City Capital LLC boosted its position in shares of BGSF by 10.8% during the first quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock worth $192,000 after buying an additional 5,055 shares during the period. Finally, Northern Trust Corp grew its holdings 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 buying an additional 11,483 shares in the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

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.