BGSF (NYSE:BGSF) Downgraded by Wall Street Zen 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 research report released on Sunday morning.

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

BGSF Stock Down 2.2%

BGSF traded down $0.1250 on Friday, reaching $5.4750. The company's stock had a trading volume of 13,487 shares, compared to its average volume of 55,695. The stock has a 50 day moving average of $6.10 and a two-hundred day moving average of $4.76. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $61.10 million, a price-to-earnings ratio of -9.44 and a beta of 1.21. BGSF has a fifty-two week low of $2.91 and a fifty-two week high of $9.06.

Institutional Investors Weigh In On BGSF

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of BGSF during the fourth quarter worth $29,000. FNY Investment Advisers LLC lifted its holdings in shares of BGSF by 7,900.0% during the second 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 period. Millennium Management LLC acquired a new stake in shares of BGSF during the fourth quarter worth $60,000. Allworth Financial LP lifted its holdings in shares of BGSF by 98.0% during the first quarter. Allworth Financial LP now owns 39,400 shares of the company's stock worth $136,000 after purchasing an additional 19,500 shares during the period. Finally, Bridge City Capital LLC lifted its holdings in shares of BGSF by 10.8% during the first quarter. Bridge City Capital LLC now owns 52,051 shares of the company's stock worth $192,000 after purchasing an additional 5,055 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.

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.