BG Staffing Inc (NASDAQ:BGSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas. “

BG Staffing (NASDAQ BGSF) traded up $0.11 during midday trading on Friday, reaching $15.39. The company had a trading volume of 21,972 shares, compared to its average volume of 14,210. BG Staffing has a 12 month low of $11.23 and a 12 month high of $18.84.

BG Staffing (NASDAQ:BGSF) last released its quarterly earnings results on Monday, October 30th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). BG Staffing had a return on equity of 22.69% and a net margin of 3.32%. The business had revenue of $71.28 million during the quarter, compared to analyst estimates of $77.70 million.

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Several institutional investors have recently made changes to their positions in BGSF. New York State Common Retirement Fund acquired a new position in shares of BG Staffing during the second quarter valued at approximately $129,000. Royal Bank of Canada acquired a new position in shares of BG Staffing during the second quarter valued at approximately $174,000. Schwab Charles Investment Management Inc. acquired a new position in shares of BG Staffing during the second quarter valued at approximately $192,000. California State Teachers Retirement System acquired a new position in shares of BG Staffing during the second quarter valued at approximately $214,000. Finally, Teachers Advisors LLC acquired a new position in shares of BG Staffing during the second quarter valued at approximately $233,000.

About BG Staffing

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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