BGSF (NYSE:BGSF) Announces Quarterly Earnings Results

BGSF (NYSE:BGSF) announced its quarterly earnings results on Friday. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.01, Zacks reports. The company had revenue of $26.90 million for the quarter, compared to analyst estimates of $25.50 million. BGSF had a negative net margin of 2.81% and a negative return on equity of 9.06%.

BGSF Price Performance

Shares of BGSF traded up $0.28 during mid-day trading on Friday, hitting $3.55. The company’s stock had a trading volume of 173,193 shares, compared to its average volume of 73,837. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50-day moving average price of $5.09 and a 200 day moving average price of $5.20. BGSF has a fifty-two week low of $2.91 and a fifty-two week high of $8.22. The stock has a market capitalization of $39.61 million, a price-to-earnings ratio of -6.11 and a beta of 1.21.

BGSF Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, October 1st.

Institutional Investors Weigh In On BGSF

An institutional investor recently raised its position in BGSF stock. Vanguard Group Inc. increased its stake in BGSF, Inc. (NYSE:BGSF) by 2.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 537,706 shares of the company’s stock after acquiring an additional 10,546 shares during the quarter. Vanguard Group Inc. owned approximately 4.81% of BGSF worth $3,818,000 at the end of the most recent quarter. 37.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BGSF shares. Wall Street Zen raised BGSF from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Zacks Research raised BGSF to a “hold” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BGSF in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BGSF presently has an average rating of “Moderate Buy” and an average price target of $9.00.

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.