StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

Stock analysts at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Separately, Roth Mkm decreased their price objective on shares of BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 20th.

BGSF Stock Down 3.2 %

BGSF opened at $3.36 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. BGSF has a 12 month low of $3.32 and a 12 month high of $10.50. The stock has a market capitalization of $37.22 million, a P/E ratio of -33.60 and a beta of 1.51. The business has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $6.08.

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

Hedge Funds Weigh In On BGSF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of BGSF in the fourth quarter valued at $101,000. Geode Capital Management LLC grew its stake in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after acquiring an additional 3,092 shares during the last quarter. Tieton Capital Management LLC grew its stake in BGSF by 24.7% in the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after acquiring an additional 123,410 shares during the last quarter. Millennium Management LLC purchased a new position in BGSF during the 4th quarter valued at about $60,000. Finally, Northern Trust Corp raised its position in BGSF by 43.8% during the fourth 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 last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

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.