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

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

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

BGSF Stock Performance

BGSF stock opened at $3.58 on Monday. BGSF has a fifty-two week low of $3.32 and a fifty-two week high of $10.50. The stock’s 50 day simple moving average is $4.68 and its two-hundred day simple moving average is $6.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $39.60 million, a price-to-earnings ratio of -35.75 and a beta of 1.51.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share 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 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%. As a group, analysts expect that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of BGSF

Several hedge funds and other institutional investors have recently made changes to their positions in BGSF. Geode Capital Management LLC raised its stake in BGSF by 3.3% during the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after buying an additional 3,092 shares during the last quarter. Allworth Financial LP bought a new position in shares of BGSF during the fourth quarter valued at $101,000. Tieton Capital Management LLC raised its position in shares of BGSF by 24.7% in the 4th quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock worth $3,266,000 after purchasing an additional 123,410 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in BGSF by 33.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock worth $2,224,000 after purchasing an additional 105,699 shares in the last quarter. Finally, Perritt Capital Management Inc grew 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 valued at $247,000 after purchasing an additional 14,113 shares during the last quarter. Hedge funds and other institutional investors 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.