BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

Research analysts at StockNews.com began coverage on shares of BGSF (NYSE:BGSFGet Rating) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

Separately, TheStreet cut BGSF from a “b” rating to a “c” rating in a report on Friday, May 27th.

Shares of NYSE:BGSF opened at $12.78 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $12.45 and a two-hundred day moving average of $13.33. The stock has a market cap of $133.78 million, a P/E ratio of 4.63, a PEG ratio of 0.52 and a beta of 2.20. BGSF has a 52-week low of $11.55 and a 52-week high of $15.65.

BGSF (NYSE:BGSFGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. BGSF had a return on equity of 20.18% and a net margin of 9.96%. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities analysts anticipate that BGSF will post 1.16 earnings per share for the current year.

In other news, Director C. David Allen, Jr. bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were purchased at an average price of $13.27 per share, with a total value of $39,810.00. Following the purchase, the director now owns 22,851 shares in the company, valued at $303,232.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Hailey bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were purchased at an average cost of $12.68 per share, for a total transaction of $253,600.00. Following the purchase, the director now owns 149,820 shares in the company, valued at approximately $1,899,717.60. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BGSF. Advisor Group Holdings Inc. lifted its stake in BGSF by 107.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,946 shares of the company’s stock worth $39,000 after acquiring an additional 1,524 shares in the last quarter. JPMorgan Chase & Co. raised its position in BGSF by 1,624.5% in the 4th quarter. JPMorgan Chase & Co. now owns 6,622 shares of the company’s stock valued at $95,000 after purchasing an additional 6,238 shares in the last quarter. Royal Bank of Canada raised its position in BGSF by 14.9% in the 2nd quarter. Royal Bank of Canada now owns 12,822 shares of the company’s stock valued at $158,000 after purchasing an additional 1,663 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in BGSF in the 4th quarter valued at about $170,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in BGSF in the 4th quarter valued at about $181,000. 41.91% of the stock is currently owned by hedge funds and other institutional investors.

About BGSF (Get Rating)

BGSF, Inc provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel.

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