Barrett Business Services’ (BBSI) Buy Rating Reaffirmed at Roth Capital

Barrett Business Services (NASDAQ:BBSIGet Rating)‘s stock had its “buy” rating restated by equities research analysts at Roth Capital in a research note issued to investors on Thursday, Zacks.com reports.

Several other equities analysts have also weighed in on BBSI. Barrington Research increased their price target on shares of Barrett Business Services from $85.00 to $102.00 in a research report on Thursday. Zacks Investment Research cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $96.67.

BBSI opened at $78.06 on Thursday. Barrett Business Services has a one year low of $57.76 and a one year high of $86.82. The stock has a market capitalization of $570.62 million, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 1.19 and a beta of 1.46. The company’s 50 day simple moving average is $74.04 and its 200-day simple moving average is $71.53.

Barrett Business Services (NASDAQ:BBSIGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.68. Barrett Business Services had a net margin of 3.99% and a return on equity of 19.04%. During the same quarter in the previous year, the business posted ($0.60) earnings per share. As a group, sell-side analysts anticipate that Barrett Business Services will post 5.14 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Confluence Wealth Services Inc. bought a new position in Barrett Business Services in the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC acquired a new position in shares of Barrett Business Services in the first quarter worth $43,000. Denali Advisors LLC bought a new stake in shares of Barrett Business Services in the fourth quarter valued at about $76,000. BNP Paribas Arbitrage SA lifted its stake in shares of Barrett Business Services by 100.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,178 shares of the business services provider’s stock valued at $166,000 after buying an additional 1,094 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Barrett Business Services during the fourth quarter worth about $210,000. 81.74% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Company Profile (Get Rating)

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a 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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