BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a report published on Saturday morning. The brokerage issued a hold rating on the stock.

BGSF Stock Performance

NYSE BGSF opened at $5.37 on Friday. The company’s 50 day simple moving average is $5.93 and its two-hundred day simple moving average is $7.36. The stock has a market capitalization of $59.20 million, a PE ratio of -53.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. BGSF has a 1 year low of $5.14 and a 1 year high of $10.74.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC purchased a new position in shares of BGSF during the 3rd quarter valued at about $131,000. Geode Capital Management LLC grew its position 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 acquiring an additional 3,092 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of BGSF by 500.0% during the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock worth $3,080,000 after acquiring an additional 300,163 shares in the last quarter. Finally, Tieton Capital Management LLC lifted its holdings in shares of BGSF by 15.9% in the 2nd quarter. Tieton Capital Management LLC now owns 500,095 shares of the company’s stock worth $4,276,000 after acquiring an additional 68,635 shares during the last quarter. 37.19% of the stock is currently owned by 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.