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

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research report report published on Sunday. The brokerage issued a hold rating on the stock.

BGSF Trading Down 2.5 %

BGSF stock opened at $5.10 on Friday. The firm has a 50-day moving average price of $5.69 and a two-hundred day moving average price of $7.22. The firm has a market capitalization of $56.22 million, a price-to-earnings ratio of -50.99 and a beta of 1.55. BGSF has a 52-week low of $5.08 and a 52-week high of $10.74. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The company had revenue of $71.19 million during the quarter, compared to analyst estimates of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same period in the prior year, the company posted $0.36 earnings per share. Sell-side analysts expect that BGSF will post -0.3 earnings per share for the current year.

Institutional Trading of BGSF

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of BGSF in the 3rd quarter worth approximately $131,000. Finally, King Luther Capital Management Corp raised its holdings in shares of BGSF by 500.0% in the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock worth $3,080,000 after purchasing an additional 300,163 shares in the last quarter. 37.19% of the stock is owned by institutional investors and hedge funds.

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.