Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Has Average Target Price of $41.00

Barrett Business Services, Inc. (NASDAQ:BBSI) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.00.

A number of equities analysts have recently commented on BBSI shares. Citigroup reaffirmed an “outperform” rating on shares of Barrett Business Services in a report on Thursday, August 6th. Barrington Research set a $44.00 price objective on Barrett Business Services in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Barrett Business Services in a report on Friday. Zacks Research raised Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Roth Capital downgraded Barrett Business Services from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $38.00 in a research note on Thursday, August 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBSI. BlackRock Inc. bought a new position in shares of Barrett Business Services during the 2nd quarter valued at $72,793,000. Polar Asset Management Partners Inc. purchased a new position in Barrett Business Services in the 1st quarter worth $8,316,000. GSA Capital Partners LLP purchased a new position in Barrett Business Services in the 2nd quarter worth $2,401,000. Sei Investments Co. lifted its stake in Barrett Business Services by 102.5% in the first quarter. Sei Investments Co. now owns 168,356 shares of the business services provider’s stock worth $4,913,000 after purchasing an additional 85,230 shares during the last quarter. Finally, Crown Advisors Management Inc. bought a new stake in Barrett Business Services in the second quarter worth $2,131,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $31.90 on Wednesday. The company has a market capitalization of $773.26 million, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company’s 50-day moving average is $32.78 and its 200 day moving average is $33.20. Barrett Business Services has a fifty-two week low of $25.33 and a fifty-two week high of $43.53.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). Barrett Business Services had a return on equity of 20.95% and a net margin of 2.77%. The company had revenue of $319.27 million for the quarter, compared to analysts’ expectations of $321.55 million. As a group, research analysts predict that Barrett Business Services will post 1.68 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.32 annualized dividend and a yield of 1.0%. Barrett Business Services’s dividend payout ratio (DPR) is currently 23.53%.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ:BBSI) is a provider of business management and workforce solutions for small and midsize businesses in the United States. The company combines professional employer organization (PEO) services with staffing and management consulting to help clients manage employment-related responsibilities and day-to-day operations.

Its services include payroll administration, human resources support, employee benefits administration, risk management, workers’ compensation management, and regulatory compliance assistance.