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

Equities researchers at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a report issued on Monday. The firm set a “hold” rating on the stock.

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

BGSF Stock Performance

Shares of BGSF stock opened at $4.34 on Monday. BGSF has a one year low of $2.91 and a one year high of $9.22. 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 cap of $48.16 million, a price-to-earnings ratio of -43.35 and a beta of 0.86. The business’s 50 day moving average price is $3.47 and its 200 day moving average price is $4.83.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.11. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The business had revenue of $63.23 million during the quarter, compared to analysts’ expectations of $62.00 million. On average, research analysts predict that BGSF will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bridge City Capital LLC grew its holdings in shares of BGSF by 10.8% during the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock valued at $192,000 after acquiring an additional 5,055 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in BGSF in the fourth quarter worth about $29,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 7,592 shares in the last quarter. Millennium Management LLC bought a new stake in shares of BGSF during the fourth quarter valued at approximately $60,000. Finally, Northern Trust Corp grew its stake in shares of BGSF by 43.8% during the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after purchasing an additional 11,483 shares during the last quarter. Institutional investors own 37.19% of the company’s stock.

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.