Barrett Business Services, Inc. (BBSI) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price target of $105.00 for the company and are forecasting that the company will post ($1.83) EPS for the current quarter, according to Zacks. Zacks has also assigned Barrett Business Services an industry rank of 89 out of 265 based on the ratings given to its competitors.

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Several brokerages recently commented on BBSI. BidaskClub cut Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Roth Capital reiterated a “buy” rating and set a $105.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 7th. Finally, ValuEngine cut Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th.

Shares of Barrett Business Services (NASDAQ:BBSI) traded up $1.15 on Wednesday, hitting $86.30. The company had a trading volume of 80,705 shares, compared to its average volume of 66,620. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Barrett Business Services has a 52-week low of $44.52 and a 52-week high of $89.87. The stock has a market capitalization of $621.63, a PE ratio of 26.47 and a beta of 1.40.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.24. Barrett Business Services had a return on equity of 34.14% and a net margin of 2.73%. The firm had revenue of $1.43 billion during the quarter. sell-side analysts predict that Barrett Business Services will post 4.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, March 15th. Barrett Business Services’s payout ratio is 30.67%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBSI. SG Americas Securities LLC acquired a new position in Barrett Business Services during the fourth quarter worth $158,000. Dynamic Technology Lab Private Ltd acquired a new position in Barrett Business Services during the third quarter worth $245,000. MetLife Investment Advisors LLC acquired a new position in Barrett Business Services during the fourth quarter worth $249,000. Voya Investment Management LLC boosted its stake in Barrett Business Services by 12.0% during the second quarter. Voya Investment Management LLC now owns 4,673 shares of the business services provider’s stock worth $268,000 after buying an additional 501 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Barrett Business Services by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,737 shares of the business services provider’s stock worth $329,000 after buying an additional 166 shares during the last quarter. 78.04% of the stock is currently owned by institutional investors.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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