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

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research report report published on Tuesday morning. The firm issued a hold rating on the stock.

BGSF has been the subject of a number of other research reports. Roth Capital set a $9.00 target price 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 for the company in a research note on Thursday, March 20th.

BGSF Trading Up 3.8 %

Shares of BGSF stock opened at $3.77 on Tuesday. The firm has a market capitalization of $41.75 million, a PE ratio of -37.69 and a beta of 1.28. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $4.51 and its 200 day moving average is $5.92. BGSF has a 1 year low of $3.32 and a 1 year high of $9.63.

BGSF (NYSE:BGSF) last posted 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). BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. The company had revenue of $64.41 million for the quarter, compared to the consensus estimate of $67.65 million. Equities research analysts forecast that BGSF will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BGSF

A number of hedge funds have recently modified their holdings of BGSF. Millennium Management LLC acquired a new position in BGSF during the 4th quarter worth about $60,000. Northern Trust Corp increased its position in BGSF by 43.8% during the 4th 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. Tower Research Capital LLC TRC bought a new position in BGSF during the fourth quarter worth $29,000. Dimensional Fund Advisors LP raised its position in shares of BGSF by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock worth $1,657,000 after acquiring an additional 7,592 shares in the last quarter. Finally, Perritt Capital Management Inc lifted its stake in shares of BGSF by 42.8% in the 4th 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. Institutional investors and hedge funds own 37.19% of the company’s stock.

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.