Barrett Business Services, Inc. (BBSI) Given $102.00 Average Target Price by Analysts

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $102.00 for the company and are forecasting that the company will post ($0.81) EPS for the current quarter, according to Zacks. Zacks has also given Barrett Business Services an industry rank of 97 out of 255 based on the ratings given to its competitors.

BBSI has been the subject of a number of recent analyst reports. BidaskClub upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, December 22nd. ValuEngine lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Zacks Investment Research downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, Roth Capital lifted their price objective on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th.

In other news, Director Anthony Meeker sold 2,332 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $76.49, for a total transaction of $178,374.68. Following the transaction, the director now owns 10,327 shares of the company’s stock, valued at approximately $789,912.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gregory R. Vaughn sold 7,679 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.98, for a total value of $621,845.42. Following the transaction, the chief operating officer now owns 88,157 shares of the company’s stock, valued at approximately $7,138,953.86. The disclosure for this sale can be found here. Insiders sold 22,572 shares of company stock valued at $1,662,656 over the last three months. Company insiders own 6.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BBSI. Legal & General Group Plc boosted its position in Barrett Business Services by 29.1% during the fourth quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock worth $77,000 after purchasing an additional 304 shares during the period. Citigroup Inc. lifted its stake in shares of Barrett Business Services by 13.4% during the 4th quarter. Citigroup Inc. now owns 2,593 shares of the business services provider’s stock valued at $148,000 after buying an additional 307 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Barrett Business Services by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 101,898 shares of the business services provider’s stock worth $5,834,000 after buying an additional 590 shares during the period. Opus Capital Group LLC boosted its holdings in Barrett Business Services by 2.7% in the 4th quarter. Opus Capital Group LLC now owns 26,606 shares of the business services provider’s stock worth $1,523,000 after buying an additional 707 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Barrett Business Services by 5.5% in the 3rd quarter. Teachers Advisors LLC now owns 14,391 shares of the business services provider’s stock worth $961,000 after buying an additional 745 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Shares of Barrett Business Services stock traded down $1.01 during trading hours on Monday, reaching $76.54. The company’s stock had a trading volume of 14,300 shares, compared to its average volume of 43,006. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $568.42 million, a price-to-earnings ratio of 15.37 and a beta of 0.88. Barrett Business Services has a one year low of $53.10 and a one year high of $98.76.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Tuesday, February 26th. The business services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.64. Barrett Business Services had a return on equity of 40.14% and a net margin of 4.05%. On average, research analysts forecast that Barrett Business Services will post 5.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 20.08%.

Barrett Business Services Company Profile

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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