BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

A number of other analysts have also issued reports on the company. Roth Mkm decreased their price target on BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Roth Capital set a $9.00 price objective on BGSF in a report on Thursday, March 20th.

BGSF Stock Performance

Shares of BGSF opened at $3.07 on Thursday. 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 company has a 50-day moving average of $3.97 and a two-hundred day moving average of $5.52. BGSF has a 12-month low of $2.91 and a 12-month high of $9.26. The stock has a market cap of $34.01 million, a P/E ratio of -30.70 and a beta of 1.28.

BGSF (NYSE:BGSF) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The company had revenue of $64.41 million for the quarter, compared to analysts’ expectations of $67.65 million. As a group, research analysts predict that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BGSF. Bridge City Capital LLC grew its position in shares of BGSF by 10.8% during the first quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock worth $192,000 after buying an additional 5,055 shares in the last quarter. Millennium Management LLC bought a new stake in BGSF in the fourth quarter valued at about $60,000. Northern Trust Corp raised its stake in BGSF by 43.8% during the fourth 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. Tower Research Capital LLC TRC acquired a new position in shares of BGSF in the 4th quarter worth approximately $29,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 7,592 shares during the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

About BGSF

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.