Barrington Research Reiterates Outperform Rating for Barrett Business Services (NASDAQ:BBSI)

Barrett Business Services (NASDAQ:BBSI - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a research report issued on Tuesday,Benzinga reports. They presently have a $45.00 price target on the business services provider's stock. Barrington Research's price target suggests a potential upside of 11.25% from the stock's current price. Barrington Research also issued estimates for Barrett Business Services' Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.69 EPS and FY2026 earnings at $2.36 EPS.

Separately, StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Barrett Business Services Stock Up 0.1 %

Shares of Barrett Business Services stock traded up $0.03 during trading hours on Tuesday, hitting $40.45. The company's stock had a trading volume of 139,509 shares, compared to its average volume of 140,665. The company has a market capitalization of $1.04 billion, a PE ratio of 21.35, a P/E/G ratio of 1.21 and a beta of 1.02. The business has a fifty day moving average of $40.35 and a 200 day moving average of $41.43. Barrett Business Services has a 1-year low of $30.68 and a 1-year high of $44.97.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The business had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrett Business Services will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barrett Business Services

Several hedge funds have recently made changes to their positions in the business. Mawer Investment Management Ltd. increased its holdings in shares of Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock valued at $91,682,000 after purchasing an additional 276,098 shares during the period. Thrivent Financial for Lutherans raised its holdings in Barrett Business Services by 272.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock worth $70,879,000 after acquiring an additional 1,193,839 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Barrett Business Services by 19.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock worth $20,500,000 after purchasing an additional 88,350 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Barrett Business Services by 2.1% in the first quarter. GW&K Investment Management LLC now owns 528,243 shares of the business services provider's stock worth $21,737,000 after acquiring an additional 10,627 shares during the last quarter. Finally, Northern Trust Corp increased its position in Barrett Business Services by 4.2% during the fourth quarter. Northern Trust Corp now owns 393,267 shares of the business services provider's stock worth $17,084,000 after acquiring an additional 15,900 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Barrett Business Services Company Profile

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.