Roth Mkm Issues Pessimistic Forecast for BGSF (NYSE:BGSF) Stock Price

BGSF (NYSE:BGSF) had its price target dropped by analysts at Roth Mkm from $12.00 to $9.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 128.43% from the company’s previous close.

Separately, StockNews.com started coverage on BGSF in a report on Sunday. They issued a “hold” rating on the stock.

BGSF Price Performance

BGSF stock traded down $0.27 during trading hours on Thursday, hitting $3.94. 12,894 shares of the company traded hands, compared to its average volume of 27,273. BGSF has a 1-year low of $3.34 and a 1-year high of $10.50. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $43.43 million, a P/E ratio of -40.45 and a beta of 1.51. The firm’s 50-day simple moving average is $4.87 and its two-hundred day simple moving average is $6.22.

BGSF (NYSE:BGSF) last issued its earnings results on Wednesday, March 12th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. As a group, analysts forecast that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BGSF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in BGSF during the fourth quarter valued at approximately $101,000. Geode Capital Management LLC grew its holdings in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after buying an additional 3,092 shares during the last quarter. Millennium Management LLC bought a new position in shares of BGSF during the 4th quarter worth about $60,000. Northern Trust Corp raised its stake in shares of BGSF by 43.8% in the 4th quarter. Northern Trust Corp now owns 37,675 shares of the company’s stock valued at $197,000 after buying an additional 11,483 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 acquiring an additional 7,592 shares in the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

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.