Barrett Business Services (BBSI) Downgraded by BidaskClub

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Barrett Business Services (NASDAQ:BBSI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Barrett Business Services from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Monday, March 4th. Roth Capital boosted their price target on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, ValuEngine lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Barrett Business Services currently has a consensus rating of “Buy” and an average target price of $98.67.

Shares of BBSI opened at $75.90 on Friday. The stock has a market capitalization of $562.42 million, a P/E ratio of 15.24 and a beta of 0.88. Barrett Business Services has a 12-month low of $53.10 and a 12-month high of $98.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.98 and a current ratio of 0.98.

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 (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.64. Barrett Business Services had a net margin of 4.05% and a return on equity of 40.14%. Analysts expect that Barrett Business Services will post 5.41 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of the business. Capital Research Global Investors acquired a new position in shares of Barrett Business Services during the third quarter worth about $19,366,000. FMR LLC acquired a new position in shares of Barrett Business Services during the third quarter worth about $5,170,000. AQR Capital Management LLC grew its position in shares of Barrett Business Services by 30.8% during the third quarter. AQR Capital Management LLC now owns 174,333 shares of the business services provider’s stock worth $11,642,000 after buying an additional 41,006 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Barrett Business Services during the fourth quarter worth about $1,634,000. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of Barrett Business Services by 32.0% during the third quarter. Pacific Ridge Capital Partners LLC now owns 111,243 shares of the business services provider’s stock worth $7,429,000 after buying an additional 26,946 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

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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