StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

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

BGSF has been the topic of several other reports. Roth Capital set a $9.00 target price on shares of BGSF in a research report on Thursday, March 20th. Roth Mkm cut 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 opened at $4.47 on Monday. The company’s 50 day moving average is $3.50 and its 200-day moving average is $4.80. BGSF has a 1-year low of $2.91 and a 1-year high of $9.22. 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 market cap of $49.66 million, a P/E ratio of -44.70 and a beta of 0.86.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.11. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $63.23 million for the quarter, compared to the consensus estimate of $62.00 million. Equities research analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in BGSF during the 4th quarter worth approximately $29,000. Millennium Management LLC bought a new position in BGSF during the 4th quarter worth approximately $60,000. Allworth Financial LP bought a new position in BGSF during the 4th quarter worth approximately $101,000. Northern Trust Corp raised its holdings in 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 purchasing an additional 11,483 shares during the last quarter. Finally, Perritt Capital Management Inc raised its holdings 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 during the last quarter. Institutional investors own 37.19% of the company’s stock.

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.