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

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a report released on Monday. The brokerage issued a hold rating on the stock.

Separately, Roth Mkm reduced their price objective on BGSF from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 20th.

BGSF Trading Up 6.1 %

Shares of NYSE:BGSF opened at $3.58 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 1 year low of $3.32 and a 1 year high of $10.50. The company has a market cap of $39.60 million, a P/E ratio of -35.75 and a beta of 1.51. The stock’s fifty day moving average price is $4.68 and its 200-day moving average price is $6.07.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. Sell-side analysts expect that BGSF will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new stake in shares of BGSF in the 4th quarter worth $29,000. Millennium Management LLC purchased a new stake in BGSF in the fourth quarter worth about $60,000. Allworth Financial LP bought a new position in shares of BGSF in the fourth quarter worth about $101,000. Northern Trust Corp lifted its position in shares of BGSF by 43.8% during the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after buying an additional 11,483 shares in the last quarter. Finally, Perritt Capital Management Inc grew its stake in shares of BGSF by 42.8% during the 4th quarter. Perritt Capital Management Inc now owns 47,089 shares of the company’s stock valued at $247,000 after acquiring 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.