Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $100.00 for the company and are anticipating that the company will post $1.74 EPS for the current quarter, according to Zacks. Zacks has also given Barrett Business Services an industry rank of 90 out of 255 based on the ratings given to related companies.
A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st. ValuEngine downgraded shares of Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 4th. Finally, Roth Capital reduced their price objective on shares of Barrett Business Services from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 3rd.
In other news, Director James B. Hicks sold 1,878 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $83.58, for a total value of $156,963.24. Following the sale, the director now directly owns 13,098 shares in the company, valued at approximately $1,094,730.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James B. Hicks sold 3,878 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $84.94, for a total transaction of $329,397.32. Following the completion of the sale, the director now owns 13,098 shares in the company, valued at $1,112,544.12. The disclosure for this sale can be found here. Insiders have sold 9,756 shares of company stock worth $830,361 over the last quarter. Corporate insiders own 6.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at approximately $158,000. Wedge Capital Management L L P NC acquired a new stake in shares of Barrett Business Services in the 1st quarter valued at approximately $210,000. Principal Financial Group Inc. acquired a new stake in shares of Barrett Business Services in the 1st quarter valued at approximately $226,000. Barings LLC acquired a new stake in shares of Barrett Business Services in the 1st quarter valued at approximately $240,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at approximately $249,000. Institutional investors own 79.19% of the company’s stock.
Barrett Business Services traded up $2.60, reaching $88.76, during mid-day trading on Wednesday, Marketbeat reports. 23,800 shares of the company’s stock were exchanged, compared to its average volume of 46,370. Barrett Business Services has a one year low of $44.52 and a one year high of $90.78. The firm has a market cap of $636.74 million, a price-to-earnings ratio of 26.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.88 and a current ratio of 0.88.
Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported ($1.25) EPS for the quarter, topping analysts’ consensus estimates of ($1.81) by $0.56. Barrett Business Services had a net margin of 2.92% and a return on equity of 34.88%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. sell-side analysts anticipate that Barrett Business Services will post 4.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Barrett Business Services’s payout ratio is 30.03%.
About Barrett Business Services
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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