BGSF (NYSE:BGSF) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Roth Capital set a $9.00 price objective on BGSF in a report on Thursday, March 20th. Roth Mkm lowered their price objective on BGSF from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 20th.

BGSF Trading Up 19.9%

BGSF stock opened at $4.15 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 12-month low of $2.91 and a 12-month high of $9.22. The stock has a market cap of $45.97 million, a price-to-earnings ratio of -41.50 and a beta of 0.86. The business’s 50-day moving average is $3.48 and its 200 day moving average is $4.92.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC lifted its stake in 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 in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of BGSF by 33.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after buying an additional 105,699 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BGSF by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after buying an additional 7,592 shares during the period. Bridge City Capital LLC raised its position in shares of BGSF by 10.8% during the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company’s stock valued at $192,000 after buying an additional 5,055 shares during the period. Finally, Perritt Capital Management Inc raised its position in shares of 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 buying an additional 14,113 shares during the period. 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.