BGSF (NYSE:BGSF) Shares Up 0.4% – What’s Next?

BGSF, Inc. (NYSE:BGSF)’s share price was up 0.4% during trading on Monday . The stock traded as high as $5.50 and last traded at $5.42. Approximately 17,099 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 48,506 shares. The stock had previously closed at $5.40.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of BGSF in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

BGSF Stock Up 0.4%

The company has a market cap of $60.70 million, a price-to-earnings ratio of -5.26 and a beta of 0.74. The firm has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $5.20.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $26.90 million for the quarter, compared to analyst estimates of $25.50 million. BGSF had a negative net margin of 6.32% and a negative return on equity of 13.16%. On average, equities analysts expect that BGSF, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of BGSF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGSF. FNY Investment Advisers LLC raised its position in BGSF by 7,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $50,000 after buying an additional 7,900 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of BGSF by 16.1% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 63,157 shares of the company’s stock worth $448,000 after acquiring an additional 8,764 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of BGSF in the 3rd quarter worth $75,000. Vanguard Group Inc. raised its holdings in shares of BGSF by 2.0% in the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after purchasing an additional 10,546 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of BGSF by 37.9% during the third quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after purchasing an additional 25,088 shares in the last quarter. 37.19% of the stock is owned by institutional investors.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.