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

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

BGSF Stock Performance

NYSE:BGSF opened at $5.10 on Friday. BGSF has a twelve month low of $5.08 and a twelve month high of $10.74. The firm has a market capitalization of $56.22 million, a price-to-earnings ratio of -50.99 and a beta of 1.55. 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 fifty day simple moving average is $5.69 and its 200 day simple moving average is $7.22.

BGSF (NYSE:BGSF) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.18). The firm had revenue of $71.19 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.36 EPS. As a group, equities research analysts expect that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BGSF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC bought a new stake in shares of BGSF during the 3rd quarter valued at about $131,000. Geode Capital Management LLC boosted its stake in BGSF by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in BGSF by 500.0% during the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after purchasing an additional 300,163 shares during the period. Institutional investors own 37.19% of the company’s stock.

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.