BGSF (NYSE:BGSF) Price Target Cut to $9.00 by Analysts at Roth Mkm

BGSF (NYSE:BGSF) had its price target decreased by investment analysts at Roth Mkm from $12.00 to $9.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 128.43% from the stock’s current price.

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

BGSF Stock Down 6.4 %

Shares of BGSF stock traded down $0.27 during trading on Thursday, reaching $3.94. The company’s stock had a trading volume of 12,894 shares, compared to its average volume of 27,273. The company has a market capitalization of $43.43 million, a price-to-earnings ratio of -40.45 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. The stock’s 50-day moving average price is $4.87 and its 200 day moving average price is $6.22.

BGSF (NYSE:BGSF) last issued its quarterly earnings data 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). The firm had revenue of $64.41 million for the quarter, compared to analysts’ expectations of $67.65 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. On average, research analysts anticipate that BGSF will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BGSF. Geode Capital Management LLC raised its stake 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 worth $816,000 after buying an additional 3,092 shares during the last quarter. Allworth Financial LP purchased a new stake in BGSF in the 4th quarter valued at approximately $101,000. Tieton Capital Management LLC raised its holdings in shares of BGSF by 24.7% in the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after acquiring an additional 123,410 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of BGSF by 33.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after acquiring an additional 105,699 shares in the last quarter. Finally, Perritt Capital Management Inc increased its position in 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 purchasing an additional 14,113 shares in the last quarter. 37.19% of the stock is owned by hedge funds and other 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.