BGSF (NYSE:BGSF) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a report released on Saturday. The firm set a “hold” rating on the stock.

BGSF Price Performance

Shares of BGSF opened at $5.39 on Friday. BGSF has a 52 week low of $5.20 and a 52 week high of $10.74. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $59.42 million, a price-to-earnings ratio of -53.89 and a beta of 1.55. The stock has a 50 day moving average of $5.98 and a 200-day moving average of $7.39.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The business had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period in the prior year, the company earned $0.36 EPS. As a group, analysts forecast that BGSF will post -0.3 EPS for the current year.

Institutional Trading of BGSF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Group LLC acquired a new position in BGSF during the third quarter worth about $131,000. Geode Capital Management LLC boosted its position in shares of BGSF by 3.3% during the 3rd 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. King Luther Capital Management Corp boosted its position in shares of BGSF by 500.0% during the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after purchasing an additional 300,163 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in shares of BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after purchasing an additional 68,635 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.