Barrett Business Services (BBSI) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Barrett Business Services (NASDAQ:BBSI) from a hold rating to a sell rating in a research note released on Saturday.

A number of other brokerages have also weighed in on BBSI. Zacks Investment Research raised Barrett Business Services from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine lowered Barrett Business Services from a buy rating to a hold rating in a research report on Wednesday, August 8th.

Shares of BBSI stock opened at $65.79 on Friday. Barrett Business Services has a 52-week low of $52.85 and a 52-week high of $98.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $491.50 million, a P/E ratio of 18.81 and a beta of 0.65.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.26). Barrett Business Services had a return on equity of 33.22% and a net margin of 2.91%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. research analysts expect that Barrett Business Services will post 4.27 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, August 23rd. Barrett Business Services’s dividend payout ratio (DPR) is presently 30.03%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio raised its position in Barrett Business Services by 6.5% during the 2nd quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock valued at $946,000 after purchasing an additional 600 shares in the last quarter. Martingale Asset Management L P raised its position in Barrett Business Services by 5.2% during the 2nd quarter. Martingale Asset Management L P now owns 26,312 shares of the business services provider’s stock valued at $2,541,000 after purchasing an additional 1,301 shares in the last quarter. MetLife Investment Advisors LLC raised its position in Barrett Business Services by 35.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 5,240 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 1,382 shares in the last quarter. Macquarie Group Ltd. raised its position in Barrett Business Services by 127.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,860 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Barrett Business Services during the 2nd quarter valued at $157,000. 81.20% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Company Profile

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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