Wall Street Zen Downgrades BGSF (NYSE:BGSF) to Sell

Key Points

• BGSF was downgraded from a "hold" rating to a "sell" rating by Wall Street Zen in a recent research report.
• In contrast, Taglich Brothers upgraded BGSF from a "moderate buy" to a "strong-buy" rating on June 23rd, indicating differing outlooks among analysts.
• The company has a market cap of $64.50 million and shares opened at $5.78, reflecting varied interest from institutional investors and volatility in stock performance.

Wall Street Zen lowered shares of BGSF (NYSE:BGSF - Free Report) from a hold rating to a sell rating in a report issued on Sunday.

Separately, Taglich Brothers raised BGSF from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $9.00.

BGSF Price Performance

Shares of BGSF stock traded up $0.07 during trading on Friday, reaching $5.58. The company's stock had a trading volume of 15,181 shares, compared to its average volume of 29,645. The stock has a 50-day moving average price of $6.16 and a two-hundred day moving average price of $4.76. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.49. BGSF has a one year low of $2.91 and a one year high of $9.06. The stock has a market capitalization of $62.27 million, a P/E ratio of -9.62 and a beta of 1.21.

Institutional Trading of BGSF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its holdings in BGSF by 7,900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company's stock worth $50,000 after purchasing an additional 7,900 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of BGSF in the 2nd quarter valued at about $346,000. Allworth Financial LP increased its stake in shares of BGSF by 98.0% in the 1st quarter. Allworth Financial LP now owns 39,400 shares of the company's stock valued at $136,000 after acquiring an additional 19,500 shares during the last quarter. Bridge City Capital LLC increased its stake in shares of BGSF by 10.8% in the 1st quarter. Bridge City Capital LLC now owns 52,051 shares of the company's stock valued at $192,000 after acquiring an additional 5,055 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of BGSF in the 4th quarter valued at about $60,000. 37.19% of the stock is owned by institutional investors.

About BGSF

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.