BGSF (NYSE:BGSF) Posts Earnings Results, Misses Expectations By $0.28 EPS

BGSF (NYSE:BGSF) issued its quarterly earnings data on Wednesday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.28), Zacks reports. The company had revenue of $22.31 million for the quarter, compared to analyst estimates of $24.50 million. BGSF had a negative return on equity of 13.51% and a negative net margin of 8.99%.

BGSF Trading Down 0.8%

Shares of BGSF stock traded down $0.04 during trading hours on Friday, reaching $5.62. 1,127 shares of the company’s stock were exchanged, compared to its average volume of 20,072. The stock has a market cap of $60.19 million, a P/E ratio of -7.59 and a beta of 0.46. The company has a 50 day moving average of $5.48 and a two-hundred day moving average of $5.72. BGSF has a fifty-two week low of $3.25 and a fifty-two week high of $8.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BGSF in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of BGSF by 2.0% in the third quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after buying an additional 10,546 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of BGSF by 37.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 91,288 shares of the company’s stock valued at $648,000 after acquiring an additional 25,088 shares during the period. Geode Capital Management LLC grew its position in shares of BGSF by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock valued at $521,000 after acquiring an additional 1,936 shares during the period. Vise Technologies Inc. acquired a new position in shares of BGSF during the 4th quarter worth about $122,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of BGSF by 89.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock valued at $211,000 after purchasing an additional 21,503 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.

About BGSF

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.