Barrett Business Services, Inc. (NASDAQ:BBSI) has earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.25.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Barrett Business Services from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, August 10th. Roth Capital raised their target price on Barrett Business Services from $76.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, August 6th. ValuEngine downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Barrington Research raised their target price on Barrett Business Services from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, BidaskClub downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a report on Friday, September 4th.
Shares of BBSI opened at $52.15 on Friday. The company’s 50-day moving average price is $56.62 and its 200 day moving average price is $50.38. The firm has a market cap of $398.20 million, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. Barrett Business Services has a 12-month low of $27.25 and a 12-month high of $95.64.
Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.69. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.24 billion. Barrett Business Services had a return on equity of 26.61% and a net margin of 4.90%. Equities research analysts forecast that Barrett Business Services will post 3.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. Barrett Business Services’s dividend payout ratio (DPR) is presently 19.14%.
In other Barrett Business Services news, Director Jon L. Justesen sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $58.08, for a total transaction of $116,160.00. Following the completion of the sale, the director now owns 13,333 shares in the company, valued at approximately $774,380.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of BBSI. Cloverdale Capital Management LLC grew its position in shares of Barrett Business Services by 34.5% in the 1st quarter. Cloverdale Capital Management LLC now owns 254,951 shares of the business services provider’s stock worth $10,106,000 after acquiring an additional 65,339 shares in the last quarter. FMR LLC raised its stake in Barrett Business Services by 28.8% during the 2nd quarter. FMR LLC now owns 224,803 shares of the business services provider’s stock valued at $11,944,000 after acquiring an additional 50,228 shares in the last quarter. Polaris Capital Management LLC bought a new stake in Barrett Business Services during the 1st quarter valued at $1,344,000. Foundry Partners LLC raised its stake in Barrett Business Services by 45.5% during the 1st quarter. Foundry Partners LLC now owns 79,460 shares of the business services provider’s stock valued at $3,150,000 after acquiring an additional 24,845 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Barrett Business Services by 17.2% during the 2nd quarter. Prudential Financial Inc. now owns 160,420 shares of the business services provider’s stock valued at $8,523,000 after acquiring an additional 23,515 shares in the last quarter. Institutional investors own 80.13% of the company’s stock.
About Barrett Business Services
Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers’ compensation coverage, and other administration functions for the client’s existing workforce.
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