Barrett Business Services (NASDAQ:BBSI) Price Target Lowered to $41.00 at Barrington Research

Barrett Business Services (NASDAQ:BBSI) had its price objective cut by Barrington Research from $46.00 to $41.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

BBSI has been the subject of a number of other reports. Roth Mkm reduced their price target on shares of Barrett Business Services from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barrett Business Services in a research note on Monday, December 29th. Finally, CJS Securities raised shares of Barrett Business Services to a “strong-buy” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Barrett Business Services currently has a consensus rating of “Buy” and an average price target of $41.50.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $26.83 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. Barrett Business Services has a fifty-two week low of $25.33 and a fifty-two week high of $49.65. The firm has a 50-day simple moving average of $35.93 and a 200 day simple moving average of $39.77. The company has a market cap of $687.38 million, a PE ratio of 12.84, a P/E/G ratio of 0.78 and a beta of 0.99.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. Barrett Business Services had a return on equity of 24.05% and a net margin of 4.39%.The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $323.43 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrett Business Services will post 2 EPS for the current year.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Barrett Business Services’s payout ratio is currently 15.31%.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors have recently modified their holdings of the company. Bessemer Group Inc. grew its stake in Barrett Business Services by 821,045.1% in the 3rd quarter. Bessemer Group Inc. now owns 418,784 shares of the business services provider’s stock valued at $18,562,000 after buying an additional 418,733 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Barrett Business Services by 20.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,901,425 shares of the business services provider’s stock valued at $84,271,000 after acquiring an additional 324,715 shares during the period. Trigran Investments Inc. grew its stake in shares of Barrett Business Services by 62.3% in the fourth quarter. Trigran Investments Inc. now owns 648,738 shares of the business services provider’s stock worth $23,491,000 after acquiring an additional 249,052 shares during the last quarter. Royce & Associates LP increased its position in Barrett Business Services by 31.6% during the fourth quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock worth $31,534,000 after acquiring an additional 208,865 shares during the period. Finally, CSM Advisors LLC bought a new position in shares of Barrett Business Services during the 2nd quarter worth about $6,155,000. Institutional investors own 86.76% of the company’s stock.

Trending Headlines about Barrett Business Services

Here are the key news stories impacting Barrett Business Services this week:

• Positive Sentiment: Q4 earnings matched consensus at $0.64 EPS and revenue was up 5.3% year‑over‑year — the quarter showed profitability (24.05% ROE) and modest organic growth. MarketBeat Press Release
• Positive Sentiment: The board declared a quarterly cash dividend of $0.08 per share (ex‑dividend March 13), supporting income investors.
• Neutral Sentiment: Management hosted an earnings call and transcripts/highlights are available; commentary gave mixed signals on sales momentum (some outlets called the results “strong,” others noted misses). Earnings Call Transcript
• Negative Sentiment: Several analysts cut price targets this week — Barrington lowered its target to $41 (still “outperform”) and Roth MKM cut to $42 (still “buy”) — signaling lower near‑term expectations despite maintained positive ratings. Benzinga
• Negative Sentiment: Short interest spiked in February (reported at ~717,409 shares, ~2.9% of float on one report), which can amplify downward pressure and volatility.
• Negative Sentiment: Some outlets flagged that Barrett missed sales expectations for Q4, feeding the negative reaction despite EPS in line with estimates. Yahoo Finance

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.