Roth Mkm Lowers BGSF (NYSE:BGSF) Price Target to $9.00

BGSF (NYSE:BGSF) had its price target lowered by Roth Mkm from $12.00 to $9.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price points to a potential upside of 156.63% from the stock’s previous close.

Separately, StockNews.com assumed coverage on shares of BGSF in a research report on Sunday, March 16th. They issued a “hold” rating for the company.

BGSF Price Performance

BGSF stock opened at $3.51 on Thursday. The firm has a 50 day moving average of $4.80 and a 200-day moving average of $6.17. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. BGSF has a 12 month low of $3.34 and a 12 month high of $10.50. The firm has a market capitalization of $38.66 million, a P/E ratio of -35.07 and a beta of 1.51.

BGSF (NYSE:BGSF) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The firm had revenue of $64.41 million during the quarter, compared to the consensus estimate of $67.65 million. As a group, sell-side analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BGSF

Several hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC lifted its position in BGSF by 24.7% during the fourth quarter. Tieton Capital Management LLC now owns 623,250 shares of the company’s stock valued at $3,266,000 after purchasing an additional 123,410 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in BGSF by 33.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 424,424 shares of the company’s stock valued at $2,224,000 after purchasing an additional 105,699 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in BGSF by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 316,105 shares of the company’s stock valued at $1,657,000 after purchasing an additional 7,592 shares during the last quarter. Geode Capital Management LLC lifted its position in BGSF by 3.3% during the third 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 last quarter. Finally, Perritt Capital Management Inc lifted its position in BGSF by 42.8% during the fourth 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 last quarter. 37.19% of the stock is currently owned by institutional investors.

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.