BG Staffing (BGSF) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of BG Staffing (NYSEAMERICAN:BGSF) from a sell rating to a hold rating in a research report report published on Monday morning.

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. “

Shares of BG Staffing (NYSEAMERICAN BGSF) traded up $0.43 during trading on Monday, hitting $15.73. The stock had a trading volume of 9,100 shares, compared to its average volume of 13,214. The firm has a market capitalization of $135.68, a P/E ratio of 15.73 and a beta of 0.26. BG Staffing has a 12 month low of $12.84 and a 12 month high of $18.84.

BG Staffing (NYSEAMERICAN:BGSF) last announced its earnings results on Monday, October 30th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $71.28 million for the quarter, compared to analyst estimates of $77.70 million. BG Staffing had a net margin of 4.40% and a return on equity of 30.25%.

Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in shares of BG Staffing during the second quarter valued at approximately $129,000. Royal Bank of Canada bought a new stake in shares of BG Staffing during the second quarter valued at approximately $174,000. Schwab Charles Investment Management Inc. bought a new stake in shares of BG Staffing during the second quarter valued at approximately $192,000. California State Teachers Retirement System bought a new stake in shares of BG Staffing during the second quarter valued at approximately $214,000. Finally, Teachers Advisors LLC bought a new stake in shares of BG Staffing during the second quarter valued at approximately $233,000.

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BG Staffing Company Profile

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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