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

Equities research analysts at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

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

BGSF Price Performance

Shares of NYSE:BGSF opened at $3.81 on Tuesday. The company’s fifty day moving average price is $4.53 and its 200-day moving average price is $5.93. 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 firm has a market capitalization of $42.20 million, a price-to-earnings ratio of -38.10 and a beta of 1.51. BGSF has a one year low of $3.32 and a one year high of $9.78.

BGSF (NYSE:BGSF) last released its earnings results 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 negative net margin of 0.48% and a positive return on equity of 0.19%. The firm had revenue of $64.41 million during the quarter, compared to the consensus estimate of $67.65 million. On average, equities research analysts anticipate that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BGSF. Tower Research Capital LLC TRC bought a new stake in shares of BGSF in the 4th quarter valued at about $29,000. Millennium Management LLC purchased a new position in BGSF in the 4th quarter worth approximately $60,000. Allworth Financial LP bought a new stake in BGSF in the fourth quarter valued at approximately $101,000. Northern Trust Corp boosted its stake in shares of 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 purchasing an additional 11,483 shares during the period. Finally, Perritt Capital Management Inc boosted its stake in shares of BGSF by 42.8% during the fourth 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 period. 37.19% of the stock is owned by institutional investors.

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.