TheStreet cut shares of Barrett Business Services (NASDAQ:BBSI) from a b- rating to a c+ rating in a research note published on Monday, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the stock. Barrington Research boosted their price objective on shares of Barrett Business Services from $78.00 to $86.00 and gave the stock an outperform rating in a research note on Thursday, March 4th. Roth Capital restated a buy rating on shares of Barrett Business Services in a research note on Thursday, March 4th. Finally, Zacks Investment Research cut Barrett Business Services from a hold rating to a strong sell rating in a research note on Monday, March 8th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Barrett Business Services has a consensus rating of Buy and a consensus price target of $81.75.

BBSI stock opened at $71.28 on Monday. Barrett Business Services has a fifty-two week low of $35.41 and a fifty-two week high of $77.74. The company has a market capitalization of $541.23 million, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. The business’s 50 day moving average price is $71.58 and its two-hundred day moving average price is $66.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.35 and a current ratio of 1.35.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, March 2nd. The business services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.28. Barrett Business Services had a return on equity of 21.58% and a net margin of 4.29%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Sell-side analysts forecast that Barrett Business Services will post 4.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 2nd. Investors of record on Friday, March 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.68%. Barrett Business Services’s payout ratio is currently 19.14%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in shares of Barrett Business Services in the 4th quarter worth $36,000. SG Americas Securities LLC purchased a new stake in shares of Barrett Business Services during the fourth quarter valued at $114,000. Great West Life Assurance Co. Can increased its holdings in Barrett Business Services by 1,499.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 8,399 shares of the business services provider’s stock worth $123,000 after buying an additional 7,874 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Barrett Business Services in the 4th quarter worth about $210,000. Finally, Falcon Point Capital LLC bought a new position in Barrett Business Services during the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 79.03% 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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