BGSF (NYSE:BGSF) Earns Hold Rating from Analysts at StockNews.com

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

BGSF Stock Down 1.0 %

BGSF opened at $5.14 on Tuesday. The company has a fifty day moving average price of $5.53 and a 200-day moving average price of $6.96. The firm has a market capitalization of $56.64 million, a P/E ratio of -51.39 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 one year low of $5.03 and a one year high of $10.49.

BGSF (NYSE:BGSF) last posted 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 company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. During the same period in the prior year, the firm posted $0.36 earnings per share. Equities research analysts expect that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of BGSF

A number of hedge funds have recently made changes to their positions in BGSF. Geode Capital Management LLC lifted its stake in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares during the last quarter. Allworth Financial LP bought a new stake in BGSF in the fourth quarter worth $101,000. Finally, Cornerstone Wealth Group LLC bought a new stake in BGSF in the third quarter worth $131,000. 37.19% of the stock is owned by institutional investors.

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.