BGSF (NYSE:BGSF) Price Target Lowered to $9.00 at Roth Mkm

BGSF (NYSE:BGSF) had its price objective reduced by Roth Mkm from $12.00 to $9.00 in a research report sent to investors on Thursday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, StockNews.com initiated coverage on BGSF in a research report on Sunday, March 16th. They set a “hold” rating on the stock.

BGSF Stock Down 12.7 %

NYSE:BGSF opened at $3.68 on Thursday. The firm has a market capitalization of $40.51 million, a price-to-earnings ratio of -36.75 and a beta of 1.51. BGSF has a twelve month low of $3.34 and a twelve month high of $10.50. The stock’s 50 day moving average price is $4.83 and its two-hundred day moving average price is $6.20. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last posted its quarterly 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). The company had revenue of $64.41 million for the quarter, compared to analyst estimates of $67.65 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. Equities research analysts expect that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of BGSF during the 4th quarter worth approximately $60,000. Northern Trust Corp boosted its stake in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock worth $197,000 after acquiring an additional 11,483 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of BGSF during the 4th quarter worth approximately $29,000. Dimensional Fund Advisors LP boosted its stake in BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the period. Finally, Perritt Capital Management Inc boosted its stake in BGSF by 42.8% in the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after purchasing an additional 14,113 shares during the period. 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.