StockNews.com Initiates Coverage on BGSF with Hold Rating

StockNews.com has recently commenced coverage on the shares of BGSF, listed on the New York Stock Exchange under the ticker symbol BGSF. In a research report published on Saturday, the firm assigned a "hold" rating to the stock, indicating a neutral stance toward its investment potential.

BGSF Stock Performance Overview

On Friday, BGSF's shares opened at $5.39. The stock has demonstrated significant volatility over the past year, with a fifty-day simple moving average recorded at $6.02 and a two-hundred-day simple moving average at $7.41. The company's stock has experienced a 12-month low of $5.20 and a high of $10.74. Currently, BGSF boasts a market capitalization of approximately $59.42 million, alongside a negative price-to-earnings ratio of -53.89. The stock also has a beta value of 1.55, suggesting a higher level of volatility compared to the market as a whole.

The company's liquidity ratios indicate a current ratio and a quick ratio both at 1.75, showcasing adequate short-term financial health. Meanwhile, BGSF has a debt-to-equity ratio of 0.50, reflecting a moderate level of debt relative to its equity.

Recent Earnings Data

BGSF released its quarterly earnings report on November 6, where it reported a loss of $0.07 per share. This result fell short of the consensus analyst estimate of a profit of $0.11, marking a significant miss by $(0.18). Despite these challenges, the company managed to post a positive return on equity of 0.19%, although it reported a negative net margin of 0.48% for the quarter. During this earnings period, BGSF generated revenue of $71.19 million, which also did not meet analysts' expectations that forecasted $75.00 million. For the same quarter last year, the firm had reported earnings of $0.36 per share. Looking ahead, analysts anticipate that BGSF will post a loss of -0.3 earnings per share for the current fiscal year.

Institutional Investment Activity

In recent months, various institutional investors have either bought or sold shares of BGSF. For instance, Cornerstone Wealth Group LLC established a new stake in the company valued at around $131,000 during the third quarter. Additionally, Geode Capital Management LLC increased its position by 3.3%, accumulating 96,845 shares valued at approximately $816,000 as a result of adding 3,092 shares in the last quarter. Furthermore, King Luther Capital Management Corp saw substantial growth in its holdings, boosting its position by 500.0% and now owning 360,201 shares with a value of $3,080,000 after acquiring 300,163 additional shares. Lastly, Tieton Capital Management LLC increased its stakes by 15.9%, holding 500,095 shares worth approximately $4,276,000 after purchasing an additional 68,635 shares. Overall, institutional and hedge fund ownership stands at 37.19% of BGSF's shares.

Company Profile of BGSF

BGSF, Inc. specializes in providing consulting, managed services, and professional workforce solutions across the United States. The company operates primarily through two segments: Property Management and Professional. Under the Property Management segment, BGSF offers skilled workers in office and maintenance roles for various apartment communities and commercial properties.

Stock, Investment, Earnings