Roth Mkm Issues Pessimistic Forecast for BGSF (NYSE:BGSF) Stock Price

BGSF (NYSE:BGSF) had its price objective cut by Roth Mkm from $12.00 to $9.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

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

BGSF Stock Performance

BGSF opened at $3.68 on Thursday. The business has a fifty day simple moving average of $4.83 and a 200 day simple moving average of $6.20. The company has a market capitalization of $40.51 million, a PE ratio of -36.75 and a beta of 1.51. BGSF has a 1 year low of $3.34 and a 1 year high of $10.50. 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 (NYSE:BGSF) last released its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. Research analysts expect that BGSF will post -0.3 EPS for the current year.

Hedge Funds Weigh In On BGSF

A number of institutional investors have recently modified their holdings of BGSF. Tieton Capital Management LLC raised its holdings in shares of BGSF by 24.7% during the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after buying an additional 123,410 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of BGSF by 33.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after buying an additional 105,699 shares in the last quarter. Allworth Financial LP acquired a new position in shares of BGSF during the 4th quarter worth $101,000. Perritt Capital Management Inc raised its holdings 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 worth $247,000 after buying an additional 14,113 shares in the last quarter. Finally, Northern Trust Corp raised its holdings 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 buying an additional 11,483 shares in the last quarter. Institutional investors and hedge funds own 37.19% of the company’s stock.

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.