BGSF - BG Staffing, Inc.
| Previous Close | 18.36 |
| Open | 0.00 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 76,626 |
| Market Cap | 192.719M |
| Beta (3Y Monthly) | 1.34 |
| PE Ratio (TTM) | 11.98 |
| EPS (TTM) | 1.57 |
| Earnings Date | Oct 30, 2017 - Nov 3, 2017 |
| Forward Dividend & Yield | 1.20 (6.38%) |
| Ex-Dividend Date | 2019-08-09 |
| 1y Target Est | 24.25 |
Yahoo Finance VideoBurger King launches new breakfast sandwiches
Merely a week after the successful launch of Burger King's Impossible Whopper (a collaboration with vegan meat manufacturer, Impossible Foods), the fast-food chain is revamping its menu with a new set of breakfast sandwiches. Yahoo Finance's Myles Udland and Heidi Chung discuss.
- Yahoo Finance Video
Burger King launches Impossible Whopper nationwide today
Burger King is launching its Impossible Burger nationwide today. Yahoo Finance's Heidi Chung speaks with customers at the restaurant chain's lower Manhattan location.
- Yahoo Finance Video
Subway to test plant-based Beyond meatball sub
The meatless trend continues as Subway announces plans to test a plant-based protein at nearly 700 restaurants. Starting in September and for a limited time, select locations will have the beyond meatball marinara sub as part of a new partnership with beyond meat. Yahoo Finance's Heidi Chung joins the discussion.
- Yahoo Finance Video
Impossible Foods' 'Whopper' goes nationwide at Burger King
Impossible Foods’ plant-based burgers will be available at all 7,300 Burger King locations across the country starting August 8th. Impossible Foods’ CFO David Lee stops by Yahoo Finance to discuss the expansion, the possibility of fish and chicken options, its competition with Beyond Meat and its manufacturing deal with the meat supplier OSI.
- InvestorPlace
Stocks to Buy: 3 Factors of All the Best Stocks Today
I know it can be hard to stick to your investing plan when the market is making wild swings on a daily basis. But some stocks are outperforming the market, and giving their investors plenty of good news; the key is to know where to find stocks to buy.So, let's take a quick look at current events, and you'll see why you shouldn't join the kneejerk sellers -- rather, stick with what's working.The market action has been driven primarily by more headlines about the escalating trade spat between the United States and China. After the Trump administration announced more tariffs on Chinese goods, China devalued its currency and noted that it would halt purchases of U.S. agricultural products. In the same breath, however, China also stated that it would levy tariffs on U.S. farm products in August. Talk about a mixed message.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is that the United States is the breadbasket of the world, and foreign producers cannot compete with the efficiency of U.S. corn, soybean and wheat farmers. And, U.S. farmers tend to beat out the foreign competition on price, too, because U.S. farms are often larger and automated. So, since China is the largest consumer of soybeans, it cannot avoid U.S. soybean farmers for very long.Considering China's recent actions, the Trump administration labeled China as a currency manipulator. Previous U.S. administrations have been reluctant to give China this label, but the Trump administration is clearly exasperated with the ongoing trade negotiations. So, China is now being scrutinized by the IMF and may be reluctant to impose retaliatory sanctions on American goods.Then came news that our own U.S. tariffs on certain Chinese imports will be postponed from September to December. That being said, the negotiations are far from over. Wall Street remains distracted by the trade tensions, as well as escalating anti-government protests in Hong Kong. And given that it's August, the market remains particularly susceptible to these wild swings. After all, Europe and New York are on vacation and there's low liquidity in the stock market.So how do investors navigate this?You might be expecting me to say, "Buy U.S." - and you'd be right. Trade war or no, the ultra-low and even negative interest rates overseas are attracting capital to the United States nonetheless. I often say in my Growth Investor service that the U.S. market is the oasis, and the latest figures on second-quarter earnings prove this:According to FactSet, about 90% of S&P 500 companies have announced earnings and sales from the most-recent quarter. Of these companies, 75% has topped analysts' earnings estimates and 57% have beat sales forecasts. Average annual earnings growth has declined 0.7%, while average annual sales growth is running at a 4.1% pace. So, despite last week's gyrations, the foundation under the U.S. stock market remains very strong.But not all American companies are stocks to buy (especially at at time like this). My specific advice is to buy dividend growth stocks. You're looking for elite businesses that actually pay a good yield - and can sustain that dividend over time, while offering good stock performance along the way.That's the dream, for any investor…and at Growth Investor, our Elite Dividend Payers Buy List is enjoying 15% growth overall - while paying a 3.8% average yield. All because we're looking for income in the right places. Stocks to Buy: What You Want to See from Your Income InvestmentsBG Staffing (NYSEAMERICAN:BGSF) is a great example of an Elite Dividend Payer. Income stocks have a boring reputation but do not have to be boring -- and with a roughly 10% gain since last week's earnings report, BGSF is anything but. In fact, the stock was up for four days straight thereafter (which is pretty extraordinary, given the trade-war sell-off!)In the earnings report, the temporary staffing company posted a 4.1% year-over-year increase in revenue to $73.9 million, which was slightly less than Wall Street had projected. However, earnings per share came in at $0.37, which topped forecasts for $0.29 per share. So, BGSF posted a 27.6% earnings surprise.But more importantly, in a world where even the S&P 500 large-caps stocks are paying just 2%, BGSF pays a much fatter dividend - 6.3% - and that is the attraction here.So, we've already checked off two of the boxes I mentioned above: a good yield, and good stock performance.As for sustaining the dividend, BGSF is running at a three-year annualized dividend growth rate of 2%. It's paid dividends for 17-consecutive quarters, and it's expected to pay $1.20 per share over the next 12 months. Most recently, it went ex-dividend on August 9, so shareholders of record on August 12 will receive a $0.30 dividend on August 19. So, purchasing BGSF now would earn you an expected forward yield of 6.3%. And I've Got More Where That Came FromThis is why it never hurts to balance those more powerful (and potentially volatile) stocks with bulletproof stocks like my Money Magnets.To earn this distinction, a stock has to earn an A from my Dividend Grader tool - which assesses stocks much the way we did with BGSF above. Plus the stock has to earn an A from my Portfolio Grader - which assesses a stock's buying pressure from big institutional cash on Wall Street, and on 8 fundamental factors.After I run these numbers and find these AA-rated stocks, a select few stocks to buy will be added to my Elite Dividend Payers Buy List.And if you give Growth Investor a try today, you'll get instant access to my newly updated list of Money Magnets: 10 A-Rated Stocks to Buy Now.Click here for my free briefing on the warning signs I do see in the current climate. Given that we are seeing plenty of volatility, deserved or not, now is the time to own Money Magnets in YOUR portfolio.The post Stocks to Buy: 3 Factors of All the Best Stocks Today appeared first on InvestorPlace.
- PR Newswire
BG Staffing to Present at the Mid-West IDEAS Conference
PLANO, Texas , Aug. 14, 2019 /PRNewswire/ -- BG Staffing, Inc. (NYSE American: BGSF), a growing national provider of professional temporary staffing services, today announced that Beth A. Garvey , CEO, ...
- Zacks
Is BG Staffing (BGSF) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Thomson Reuters StreetEvents
Edited Transcript of BGSF earnings conference call or presentation 7-Aug-19 8:30pm GMT
Q2 2019 BG Staffing Inc Earnings Call
- MarketWatch
Burger King parent Restaurant Brands's stock falls after 3G Capital discloses large share sale
Shares of Restaurant Brands International Inc. fell 4.3% in morning trading Friday, after the parent of the Burger King and Tim Hortons restaurant chains disclosed that shareholder 3G Capital Partners intended to sell 20 million Restaurant Brands shares. At current stock prices, 20 million shares would be valued at $1.47 billion. The sale comes after the stock closed at a record high of $78.01 on Wednesday--it has now lost 6.1% since then--and has run up 40.1% year to date. In comparison, the S&P 500 has gained 16.2% this year. The share sale represents 10.5% of 3G's stake in Restaurant Brands, or 4.3% of the total shares outstanding, and will leave 3G with 36.7% of Restaurant Brand's common stock and total voting power, according to a late-Thursday filing with the Securities and Exchange Commission. Restaurant Brands said it would not receive any proceeds from the sale of shares.
- Barrons.com
Beyond Meat Blitzes Into Restaurants and the Rest of the Pack Is Playing Catch-Up
Beyond Meat announced a partnership with Subway and Impossible Foods rolled out the Impossible Whopper in Manhattan. The rest of the protein industry is running behind.
- TheStreet.com
Restaurant Brands Dips After 3G Capital Plans 20 Million Share Sale
Restaurant Brands International shares traded lower Friday after the Burger King and Popeye's owner said a key investor will sell 20 million shares at a discount to its current market price.
Motley FoolCarrols Restaurant Group (TAST) Q2 2019 Earnings Call Transcript
TAST earnings call for the period ending June 30, 2019.
- Bloomberg
The Impossible Burger Hasn’t Been Easy to Find
(Bloomberg) -- Summertime is the usual high season for burgers in America, only this summer saw something unprecedented. Meatless patties made from plants and designed to “bleed,” in a faithful imitation of real red meat, exploded onto restaurant menus across the nation. Impossible Foods Inc., a Silicon Valley startup, appears to have hooked a burger-loving population on vegan food.By the end of July, Impossible said that about 10,000 restaurants—including White Castle, Red Robin and Burger King, which embarks on a nationwide rollout of Impossible products on Thursday—were serving its plant-based meat alternative, double the number of locations from April. Impossible Burgers popped up on menus as far afield as Singapore.Yet an ever-growing list of restaurants hasn’t always made the Impossible Burger easy to find. In a survey conducted by Bloomberg News last month, more than 30% of restaurants listed as locations on Impossible’s website were not serving the burger at the time. The startup has struggled to keep up with booming consumer demand and its own breakneck expansion.“We encourage consumers to call the restaurant in advance if they are visiting specifically for the Impossible Burger,” Impossible spokeswoman Rachel Konrad said in an email. “Because we don’t sell directly to restaurants, this is the best approach.”Whether the shortage—which Impossible says is now over—will be a hiccup for a startup at the forefront of a revolutionary new food category or a more persistent supply-chain problem that stunts growth remains to be seen. The issue has not slowed the company’s push into thousands of new locations, including several thousand additional Burger Kings this week. Reports of shortages first surfaced in April, shortly after the start of a regional test of the Impossible Whopper. The deal with Burger King was a coup for a product that had debuted in July 2016 on the menu of New York City’s trendy Momofuku Nishi. In less than three years, Impossible Chief Executive Officer Patrick O. Brown had moved his meatless burgers from that single restaurant to the assembly lines of one of the country’s biggest burger chains.The Impossible expansion had reached more than 7,000 restaurants on May 14, at a time when a $300 million round of new venture-capital backing brought its valuation to $2 billion. By June, the company put the total number of Impossible Burger sellers at “more than 9,000 restaurants in every state in America—as well as Hong Kong, Singapore and Macau.”That’s when some White Castle and Red Robin locations reported depleted supplies. While both chains were eventually restocked, temporary outages showed the risk of surging popularity combined with rapid expansion. Landing in White Castle was supposed to make plant-based burgers a fixture for the masses. What would disappearing from the menu mean?Bloomberg’s survey in July used a database of nearly 6,000 restaurant locations on Impossible’s website at that time. The total restaurant count cited by Impossible—more than 9,000, as of last month—includes foodservice locations such as stadiums, hotels and theme parks, the company said. “We cannot track the precise number of restaurants,” Impossible’s Konrad said in an email. In a two-week period, calls by Bloomberg to 902 restaurants from that list across the U.S. and in Asia revealed widespread impact from the shortage, with many vendors reporting waits for restock from distributors.Ten percent of restaurants in the survey told Bloomberg they had switched to a rival product from Beyond Meat Inc. “I’m not sure if we would switch back,” said Craig Charbonnet of The Po’Boy Shop in Decatur, Georgia, which opted for Beyond patties during the Impossible shortage. He said Impossible cost his shop about 25% more than burgers from Beyond.Impossible’s supply constraints have come at a crucial moment in the rise of plant-based meats. Seemingly overnight, veggie burgers have become a sought-after status symbol that confers an image of climate consciousness. After years of placing environmental blame on cars and airplanes, some consumers are starting to focus on the role of beef in producing about 6% of total manmade greenhouse-gas emissions. The marketing pitch for Impossible and its rivals in the next generation of plant-based replacements seeks to mobilize this concern: These burgers aren’t just for vegans; they’re for everyone who wants to eat less meat, without sacrificing taste. Demand for plant-based alternatives is expected to rise dramatically. A recent report from Barclays compared the surging appetite for vegan meat to the boom in plant-based milk, which has already taken 13% of the total category market share. Imitation meat could capture approximately 10% of the global meat market in 10 years, Barclays projects, reaching $140 billion in sales.As companies like Impossible and Beyond expand their reach, generating demand from consumers has proven less of a challenge so far than keeping up supplies. Swedish oat milk maker Oatly went as far as to suggest competitors’ products to its customers during a supply drought, betting that it was better to keep consumers ordering another oat option than to let them forget about it.Beyond Meat, Impossible’s biggest rival, has gone through its own shortages. Following its initial public offering—the most successful since before the 2008 recession—Beyond has answered production questions at length, promising it can take on any customer. Beyond’s share price is currently hovering around $165, up from the offering price of $25 on May 2. Beyond has a different business strategy than Impossible, working with a network of co-packers and focusing first on grocery-store distribution before it expanded into restaurants. Impossible handles all of its production at a single manufacturing plant in Oakland, California, and distributes only to restaurants right now; the startup plans to arrive in supermarkets by September. Last week Impossible said it would work with global food producer OSI Group to add short-term capacity to the plant and further ramp up output, which it says has already tripled between April and July. Konrad said the OSI deal “enables us to quadruple production from current rates by the end of this year.”In the middle of July, as Impossible declared the shortage over, many restaurants contacted in the Bloomberg survey remained out of its meatless burgers. Availability varied by region. New England had the highest rate of missing Impossible meat, with as many as 65% of restaurants in Maine and Massachusetts going without the products during a 14-day period. Stocking rates were much higher in Michigan, Ohio, and Indiana, with no more than 25% of restaurants unable to source the plant burgers.Independent restaurants were more likely than big chains to face shortages. All over the country, restaurant personnel contacted for the survey said that they were under the impression that Burger King and White Castle had bought up all the patties. Every Burger King and White Castle contacted in the survey carried Impossible Whoppers and Sliders, while 95% of Qdobas had Impossible meat and 81% of Red Robins had the burgers. Impossible says it does not prioritize chains over independent restaurants. Konrad, the spokeswoman, said the decision is left up to distributors.Impossible, like other meat-alternative makers, has set its sights on Asia, a region credited with introducing the world to predecessors like tofu and seitan. Last week Impossible said that sales had “more than quadrupled” on the continent. The survey found that 18% of the restaurants in Asian markets were out of Impossible products, including 7% of restaurants in the region that had never carried any at all.Of the roughly 10% of restaurants in the survey that switched to Beyond, some planned to return to Impossible.“People were upset,” said Onofrio Moscato, executive chef at Eventide Grille in Sea Bright, New Jersey. He said his supplier imposed a five-case-per-week limit on Impossible patties after receiving new inventory in late July. “They tried the Beyond, and it didn’t come close.” \--With assistance from Jack Pitcher, Myah Ward, Randall Williams, Denitsa Tsekova, Kyle LaHucik, Kari Soo Lindberg, Sheryl Tian Tong Lee, Leslie Patton, Lydia Mulvany and Luke McGrath.To contact the authors of this story: Deena Shanker in New York at dshanker@bloomberg.netOlivia Rockeman in New York at orockeman1@bloomberg.netTo contact the editor responsible for this story: Aaron Rutkoff at arutkoff@bloomberg.net, Anne Riley MoffatFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
BG Staffing (BGSF) Surpasses Q2 Earnings Estimates
BG Staffing (BGSF) delivered earnings and revenue surprises of 46.67% and -0.96%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
BG Staffing, Inc. Announces Q2 and Six-Months 2019 Financial Results
Record Revenues, Gross Profit and Gross Profit Percentage PLANO, Texas , Aug. 7, 2019 /PRNewswire/ -- BG Staffing, Inc. (NYSE American: BGSF), a growing national provider of professional temporary staffing ...
- Simply Wall St.
Should Income Investors Look At BG Staffing, Inc. (NYSEMKT:BGSF) Before Its Ex-Dividend?
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
- TechCrunch
Patrick Brown, the chief executive of Impossible Foods, is coming to Disrupt
Impossible Foods is having quite the year.In the past seven months, the company has signed a nationwide deal with Burger King, weathered a demand surge that saw supplies dwindle and stocks of its signature Impossible burger sell out across the country, and raised fears among players in the $98 billion meat market that they could lose their grip on the American diet.
- Benzinga
Analysts Incrementally Bullish On Restaurant Brands
Burger King parent company Restaurant Brands International Inc (NYSE: QSR ) reported Friday with second-quarter results that turned two Street analysts incrementally bullish on the restaurant operator. ...
- MarketWatch
Archer Daniels is the latest food company to jump on the Beyond Meat-fueled plant-based meat bandwagon
The dizzying rise of the plant-based meat trend continued Thursday, with ingredients giant Archer Daniels Co. the latest big food player to jump on the bandwagon.
- Reuters
Burger King owner dishes up profit beat as new products boost traffic
Restaurant Brands shares, which have risen 42% this year, were up as much as 4.2% at a record high of C$100.35. Fast-food chains in North America are exploring ways to add faux meat offerings to their menu, as more customers switch to vegan diets. Burger King was one of the first publicly listed burger chains to join the vegan bandwagon.
- Reuters
UPDATE 2-Restaurant Brands dishes up profit beat on product launches at Burger King
Restaurant Brands International Inc's quarterly profit beat analysts' expectations on Friday, as product launches including the plant-based Impossible Whopper drew diners to Burger King, and foreign investments paid off. Burger King was one of the first publicly listed burger chains to join the vegan bandwagon. The burger maker, which is known for its Whopper burgers and onion rings, partnered with plant-based burger maker Impossible Foods and started offering the Impossible Whopper in April in 59 stores in and around St. Louis, Missouri.
- MarketWatch
Burger King parent Restaurant Brands beats profit and sales expectations
Burger King parent Restaurant Brands International Inc. reported Friday a second-quarter profit and revenue that topped expectations, boosted by better-than-expected same-store sales growth at Burger King. The stock was still inactive in premarket trading. Net income fell to $142 million, or 55 cents a share, from $167 million, or 66 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to 71 cents from 66 cents to beat the FactSet consensus of 67 cents. Total revenue increased 4.2% to $1.40 billion, above the FactSet consensus of $1.39 billion. Same-store sales rose 3.6% at Burger King restaurants to beat expectations of 1.5% growth, while Tim Horton same-store sales increased 0.5% but missed expectations of a 1.8% rise and Popeyes Louisiana Kitchen same-store sales rose 3.0% to beat expectations of a 1% increase. For Burger King, system-wide sales growth of 9.8% included net restaurant growth of 5.8%, while same-store sales growth included a 0.5% rise in the U.S. The stock has rallied 10.8% over the past three months while the S&P 500 has gained 1.2%.
- TheStreet.com
Restaurant Brands Tops Q2 Earnings Forecast as Burger King Sales Impress
Restaurant Brands International posted stronger-than-expected second quarter earnings Friday as system wide sales for its Burger King franchise soundly beat analysts's forecasts.
- Investor's Business Daily
Beyond Meat Keeps Tumbling As Offering Prices, Burger King To Launch Impossible Whopper
Beyond Meat priced a share offering at a low 160. Burger King launches the Impossible Whopper nationwide on Aug. 8, via Beyond Meat rival Impossible Burger. Beyond Meat stock dived.
- MarketWatch
Burger King’s meatless Impossible Whopper will now be available nationwide
Meatless menu items are also available at Del Taco, McDonald’s, White Castle and Little Caesars, but not everyone believes they’re healthier than meat.
