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

StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a report released on Sunday. The brokerage issued a hold rating on the stock.

BGSF Stock Performance

Shares of BGSF stock opened at $5.24 on Friday. The stock has a market capitalization of $57.74 million, a price-to-earnings ratio of -52.39 and a beta of 1.55. BGSF has a one year low of $5.14 and a one year high of $10.74. The company’s 50-day simple moving average is $5.76 and its 200-day simple moving average is $7.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The firm had revenue of $71.19 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.36 EPS. Equities analysts anticipate that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.