Barrett Business Services, Inc. (NASDAQ:BBSI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Barrett Business Services, Inc. (NASDAQ:BBSIGet Free Report) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.50.

A number of analysts have commented on BBSI shares. Wall Street Zen raised Barrett Business Services from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised Barrett Business Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Zacks Research upgraded Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $41.00 target price on shares of Barrett Business Services in a research report on Monday, April 27th.

Check Out Our Latest Research Report on Barrett Business Services

Insider Activity at Barrett Business Services

In other Barrett Business Services news, Director Anthony Meeker sold 12,000 shares of Barrett Business Services stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the sale, the director owned 44,945 shares of the company’s stock, valued at approximately $1,701,168.25. The trade was a 21.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James R. Potts sold 3,490 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $38.00, for a total transaction of $132,620.00. Following the sale, the executive vice president owned 32,035 shares of the company’s stock, valued at approximately $1,217,330. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,779 shares of company stock valued at $786,233 over the last three months. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Barrett Business Services

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in Barrett Business Services during the fourth quarter valued at $39,000. Bard Associates Inc. bought a new position in Barrett Business Services in the fourth quarter valued at about $50,000. Farther Finance Advisors LLC boosted its position in Barrett Business Services by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $53,000 after purchasing an additional 563 shares during the last quarter. Tripletail Wealth Management LLC boosted its position in Barrett Business Services by 152.6% in the fourth quarter. Tripletail Wealth Management LLC now owns 1,920 shares of the business services provider’s stock worth $70,000 after purchasing an additional 1,160 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Barrett Business Services by 270.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,459 shares during the period. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $37.43 on Monday. The stock has a market cap of $919.28 million, a price-to-earnings ratio of 24.31, a PEG ratio of 1.25 and a beta of 0.95. The company’s 50 day moving average price is $33.12 and its 200-day moving average price is $32.80. Barrett Business Services has a 52 week low of $25.33 and a 52 week high of $49.65.

Barrett Business Services (NASDAQ:BBSIGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $307.00 million during the quarter, compared to analyst estimates of $306.68 million. Barrett Business Services had a net margin of 3.24% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts anticipate that Barrett Business Services will post 1.88 earnings per share for the current year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.08 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Barrett Business Services’s payout ratio is currently 20.78%.

About Barrett Business Services

(Get Free Report)

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.

Read More

Analyst Recommendations for Barrett Business Services (NASDAQ:BBSI)

Receive News & Ratings for Barrett Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services and related companies with MarketBeat.com's FREE daily email newsletter.