BGSF (NYSE:BGSF) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

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

BGSF Trading Down 1.7 %

Shares of NYSE BGSF opened at $2.95 on Thursday. BGSF has a twelve month low of $2.91 and a twelve month high of $9.26. The stock has a market cap of $32.68 million, a price-to-earnings ratio of -29.50 and a beta of 1.28. 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 company’s fifty day moving average is $4.05 and its 200-day moving average is $5.61.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The business had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. Equities research analysts predict that BGSF will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BGSF. Tieton Capital Management LLC boosted its position in BGSF by 24.7% during the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after acquiring an additional 123,410 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in BGSF by 33.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after purchasing an additional 105,699 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in BGSF by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock worth $1,657,000 after purchasing an additional 7,592 shares during the last quarter. Geode Capital Management LLC grew its position in BGSF by 3.3% in the third 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 in the last quarter. Finally, Bridge City Capital LLC increased its stake in BGSF by 10.8% in the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock valued at $192,000 after buying an additional 5,055 shares during the last quarter. 37.19% of the stock is currently owned by 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.