Barrett Bus Servs (NASDAQ:BBSI) Stock

Barrett Bus Servs

Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll tax services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.

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Visa Inc. (NYSE: V) unveiled the revamped Visa SavingsEdge program with new integrated features in a bid to promote smarter spending and generate increased savings for eligible Visa Business credit, debit and reloadable prepaid cardholders across the United States and Canada.

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Investment in stocks after analyzing valuation metrics is considered one of the best practices. When considering valuation metrics, the price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy.

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Barrett Business Services, Inc. - Common Stock

Barrett Business Services Inc

Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Barrett Bus Servs, presenting an average target of $44.0, a high estimate of $45.00, and a low estimate of $41.00. Observing a 3.53% increase, the current average has risen from the previous average price target of $42.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1733950860_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Barrett Bus Servs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Raises</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Jeff Martin</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$41.00</td>
<td>$41.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Barrett Bus Servs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Barrett Bus Servs compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Barrett Bus Servs's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Barrett Bus Servs's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BBSI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Barrett Bus Servs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Barrett Bus Servs</h2>
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll tax services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.
<h3>Barrett Bus Servs: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Barrett Bus Servs's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.66%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Barrett Bus Servs's net margin excels beyond industry benchmarks, reaching 6.67%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.47%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.78%, the company showcases effective utilization of assets.
Debt Management: Barrett Bus Servs's debt-to-equity ratio is below the industry average at 0.1, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Barrett Bus Servs: Insights From 4 Financial Analysts

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and maintains $45 price target.

Price Target

Barrington Research Maintains Outperform on Barrett Bus Servs, Maintains $45 Price Target

In the current session, the stock is trading at $43.34, after a 1.57% increase. Over the past month, Barrett Bus Servs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) stock increased by 1.29%, and in the past year, by 52.40%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1733859011_0.png" alt="Past Year Chart" />

<h3>Barrett Bus Servs P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Barrett Bus Servs has a lower P/E than the aggregate P/E of 86.08 of the Professional Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733859011_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into Barrett Bus Servs Inc's Price Over Earnings

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and raises the price target from $41 to $45.

Barrington Research Maintains Outperform on Barrett Bus Servs, Raises Price Target to $45

Roth MKM analyst Jeff Martin maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Buy and raises the price target from $43 to $45.

Roth MKM Maintains Buy on Barrett Bus Servs, Raises Price Target to $45

Guidance

Barett Business Services Sees FY24 Gross Billings Growth 7%-8%.

Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.69 by 7.25 percent. The company reported quarterly sales of $294.278 million which beat the analyst consensus estimate of $287.279 million by 2.44 percent. This is a 7.66 percent increase over sales of $273.328 million the same period last year.

Earnings Beats

Barrett Bus Servs Q3 2024 GAAP EPS $0.74 Beats $0.69 Estimate, Sales $294.278M Beat $287.279M Estimate

WIIM

ALIT

CRAI

ELWS

EXPO

HSII

HURN

INOD

KELYA

PAYC

PAYX

PCTY

TNET

Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and maintains $41 price target.

Barrington Research Maintains Outperform on Barrett Bus Servs, Maintains $41 Price Target

Gary Kramer, President &amp; CEO at Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>), disclosed an insider sell on August 21, according to a recent SEC filing.
What Happened: Kramer's decision to sell 35,093 shares of Barrett Bus Servs was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000902791/000156218024006444//Archives/edgar/data/902791/000156218024006444/0001562180-24-006444-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $1,230,018.
Barrett Bus Servs shares are trading down 0.0% at $35.02 at the time of this writing on Thursday morning.
<h3>Unveiling the Story Behind Barrett Bus Servs</h3>
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll tax services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.
<h3>Financial Milestones: Barrett Bus Servs's Journey</h3>
Revenue Growth: Barrett Bus Servs displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.68%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 24.28%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Barrett Bus Servs's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 0.64.
</li>
</ul>
Debt Management: Barrett Bus Servs's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: Barrett Bus Servs's P/E ratio of 19.16 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.86, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 11.15, Barrett Bus Servs presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Why Insider Transactions Are Important</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000902791">Check Out The Full List Of Barrett Bus Servs's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Barrett Bus Servs President & CEO Trades $1.23M In Company Stock

Roth MKM analyst Jeff Martin maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Buy and raises the price target from $40 to $43.

Roth MKM Maintains Buy on Barrett Bus Servs, Raises Price Target to $43

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and raises the price target from $35 to $41.

Barrington Research Maintains Outperform on Barrett Bus Servs, Raises Price Target to $41

Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.58 by 6.9 percent. This is unchanged from the same period last year. The company reported quarterly sales of $279.651 million which beat the analyst consensus estimate of $274.996 million by 1.69 percent. This is a 5.68 percent increase over sales of $264.630 million the same period last year.

Barrett Bus Servs Q2 2024 GAAP EPS $0.62 Beats $0.58 Estimate, Sales $279.651M Beat $274.996M Estimate

Visa Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) unveiled the revamped Visa SavingsEdge program with new integrated features in a bid to promote smarter spending and generate increased savings for eligible Visa Business credit, debit and reloadable prepaid cardholders across the United States and Canada. The program was initially launched in 2008 and continues to offer rebates to eligible cardholders on qualifying purchases across the participating merchant network.
For more than a decade, Visa SavingsEdge has offered savings, tools and resources for supporting the growth prospects of Small Business cardholders. It provides opportunities to generate savings via the facilities of Instant Coupons and Cashback Offers.&nbsp; Instant Coupons offer discounts via a code at the point of sale without needing to link a card while Cashback Offers give discounts as statement credits when cardholders link their eligible Visa Business card and use it for qualifying purchases. These discounts appear as credits on future account statements.
As part of the latest set of enhancement announcements, Visa SavingsEdge currently comes with an upgraded program website equipped with enhanced features and functionality. Instant Coupons and Cashback Offers have expanded to include new merchant deals across various categories such as travel, restaurants, electronics, business services and more.
The enhanced program makes provision for receiving instant alerts whenever participating cardholders earn cashback on eligible purchases. A cashback tracker also remains in place to allow cardholders to monitor their savings earned through the program. To avail the upgraded program, previously enrolled cardholders need to re-link their cards in the enhanced program to grasp the benefits of Cashback Offers.
The recent move reflects Visa&#39;s longstanding commitment to aid small business units with technological assistance and empower them with enhanced payment solutions. Additionally, an extensive set of benefits via the Visa SavingsEdge program is expected to attract more small businesses to opt for Visa-branded payment products and therefore, boost the revenues of the leader in digital payments.
Visa seems to have undertaken a time-opportune move as well, per the data furnished by the latest Visa Small Business Pulse survey. As 77% of surveyed U.S. businesses anticipate revenue growth in 2024, this has led to an improved economic outlook as well. As a result, around 59% of U.S. small businesses (SMBs) remain optimistic about the economy, which has shot up from 47% in 2023. With 64% of SMBs inclined to invest in cost-saving technology, the enhanced Visa SavingsEdge program seems to provide a perfect ground for the company to capitalize on.
Shares of Visa have gained 19.9% in the past year compared with the industry&#39;s 14.7% growth. V currently carries a Zacks Rank #3 (Hold).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b4/68891.jpg?v=279148574" /> 
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcmt#NASDAQ">RCMT</a>), Barrett Business Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbsi#NASDAQ">BBSI</a>) and Envestnet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/env#NYSE">ENV</a>). RCM Technologies currently sports a Zacks Rank #1 (Strong Buy), and Barrett Business Services and Envestnet carry a Zacks Rank #2 (Buy).
The bottom line of RCM Technologies outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 16.97%. The Zacks Consensus Estimate for RCMT&#39;s 2024 earnings implies an improvement of 8.1% from the year-ago reported figure. The same for revenues indicates growth of 5.6% from a year ago. The consensus mark for RCM Technologies&#39; earnings has moved 7.5% north in the past 60 days.
Barrett Business Services&#39; earnings outpaced estimates in each of the trailing four quarters, the average surprise being 38.56%. The Zacks Consensus Estimate for BBSI&#39;s 2024 earnings indicates an improvement of 7.6% from the year-ago reported figure. The same for revenues implies growth of 7%. The consensus mark for Barrett Business Services&#39; earnings has moved 2.2% north in the past 60 days.
The bottom line of Envestnet outpaced estimates in three of the last four quarters and matched the mark once, the average surprise being 9.36%. The Zacks Consensus Estimate for ENV&#39;s 2024 earnings implies an improvement of 23.6% from the year-ago reported figure. The same for revenues indicates growth of 9.6% from a year ago. The consensus mark for Envestnet&#39;s earnings has moved 1.2% north in the past 60 days.
Shares of RCM Technologies, Barrett Business Services and Envestnet have risen 9.8%, 48.9% and 8%, respectively, in the past year.&nbsp;
<a href="https://www.zacks.com/stock/news/2288681/visa-v-enhances-savingsedge-for-small-business-cardholders?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2288681">To read this article on Zacks.com click here.</a>

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Byrna Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byrn#NASDAQ">BYRN</a>) been one of those stocks this year? Let&#39;s take a closer look at the stock&#39;s year-to-date performance to find out.
Byrna Technologies Inc. is a member of our Business Services group, which includes 316 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Byrna Technologies Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BYRN&#39;s full-year earnings has moved 83.3% higher. This signals that analyst sentiment is improving and the stock&#39;s earnings outlook is more positive.
Based on the most recent data, BYRN has returned 79.7% so far this year. Meanwhile, stocks in the Business Services group have gained about 5.7% on average. This shows that Byrna Technologies Inc. is outperforming its peers so far this year.
Another Business Services stock, which has outperformed the sector so far this year, is Barrett Business Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbsi#NASDAQ">BBSI</a>). The stock has returned 12.7% year-to-date.
For Barrett Business Services, the consensus EPS estimate for the current year has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Byrna Technologies Inc. belongs to the Technology Services industry, a group that includes 173 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, stocks in this group have gained 16.7% this year, meaning that BYRN is performing better in terms of year-to-date returns.
In contrast, Barrett Business Services falls under the Outsourcing industry. Currently, this industry has 12 stocks and is ranked #221. Since the beginning of the year, the industry has moved +3.7%.
Investors with an interest in Business Services stocks should continue to track Byrna Technologies Inc. and Barrett Business Services. These stocks will be looking to continue their solid performance.
<a href="https://www.zacks.com/stock/news/2285284/are-business-services-stocks-lagging-byrna-technologies-byrn-this-year?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_1-2285284">To read this article on Zacks.com click here.</a>

Sidoti &amp; Co. analyst Marc Riddick downgrades Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) from Buy to Neutral and maintains the price target from $140 to $140.

Downgrades

Sidoti & Co. Downgrades Barrett Bus Servs to Neutral, Maintains Price Target to $140

Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>), a leading provider of business management solutions, today announced that its board of directors has declared a four-for-one split of the Company's common stock in the form of a stock dividend. &nbsp;
Each stockholder of record on June 14, 2024, will receive a dividend of three additional shares of common stock for each share they hold, to be distributed on June 21, 2024. Trading will resume on a stock split-adjusted basis on June 24, 2024.
The stock split is expected to improve the overall trading efficiency of BBSI's stock and make stock ownership more accessible to a broader range of investors.
As of May 31, 2024, BBSI had 6,507,409 shares of common stock outstanding. Following the stock split, BBSI will have approximately 26.0 million shares of common stock outstanding. Earnings per share for the second quarter of 2024 will be reported on a split-adjusted basis.

Dividends

Stock Split

BBSI Declares 4-For-1 Stock Split Of The Company's Common Stock In The Form Of A Stock Dividend

Across the recent three months, 5 analysts have shared their insights on Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $141.0, along with a high estimate of $141.00 and a low estimate of $141.00. Consistency is reflected as the current average remains at the same level as the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1716912018_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Barrett Bus Servs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$141.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$141.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$141.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$141.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$141.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Barrett Bus Servs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Barrett Bus Servs compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Barrett Bus Servs's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Barrett Bus Servs's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BBSI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Barrett Bus Servs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Barrett Bus Servs</h2>
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll tax services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.
<h3>Barrett Bus Servs: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Barrett Bus Servs's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.36%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Barrett Bus Servs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -0.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Barrett Bus Servs's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.07%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.02%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Barrett Bus Servs's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.12.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 5 Takes On Barrett Bus Servs

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and maintains $141 price target.

Barrington Research Maintains Outperform on Barrett Bus Servs, Maintains $141 Price Target

Investment in stocks after analyzing valuation metrics is considered one of the best practices. When considering valuation metrics, the price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks that are incurring losses or in an early development cycle, generating meager or no profit.
<h3>What&#39;s the Price-to-Sales Ratio?</h3>
While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales can indicate the hidden strength of the business. This underrated ratio is also used to identify a recovery situation or ensure a company&#39;s growth is not overvalued. 
A stock&#39;s price-to-sales ratio reflects how much investors pay for each dollar of revenue generated by a company. 
If the price-to-sales ratio is 1, investors are paying $1 for every $1 of revenues generated by the company. A stock with a price-to-sales below 1 is a good bargain as investors need to pay less than a dollar for a dollar&#39;s worth. &nbsp; 
Thus, a stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio. 
The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable. 
However, one should keep in mind that a company with a high debt and a low price-to-sales ratio is not an ideal choice. The high debt level will have to be paid off at some point, leading to further share issuance, a rise in market cap, and, ultimately, a higher price-to-sales ratio. 
In any case, the price-to-sales ratio used in isolation cannot do the trick. One should analyze other ratios like Price/Earnings, Price/Book and Debt/Equity before arriving at any investment decision. 
Lakeland Industries (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), ProPetro Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>), Barrett Business Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbsi#NASDAQ">BBSI</a>) and JAKKS Pacific (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jakk#NASDAQ">JAKK</a>) are some companies with a low price-to-sales ratio and the potential to offer higher returns.
<h3>Screening Parameters</h3>
Price to Sales less than the Median Price to Sales for its Industry: The lower the price-to-sales ratio, the better. 
Price to Earnings using F(1) estimate less than the Median Price to Earnings for its Industry: The lower, the better. 
Price to Book (common Equity) less than the Median Price to Book for its Industry: This is another parameter to ensure the value feature of a stock. 
Debt to Equity (Most Recent) less than the Median Debt to Equity for its Industry: A company with less debt should have a stable price-to-sales ratio. 
Current Price greater than or equal to $5: The stocks must be trading at a minimum of $5 or higher. 
Zacks Rank less than or equal to #2 (Buy): Zacks Rank #1 (Strong Buy) or 2 stocks are known to outperform, irrespective of the market environment. 
Value Score less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best opportunities in the value investing space. 
Here are five of the 17 stocks that qualified the screening: 
Lakeland Industries operates as a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels. LAKE&#39;s focus on high-value products and market diversification, particularly in the fire service and industrial product lines, has been aiding its performance. 
The company has been committed to its strategic acquisition pipeline and is focused on organic growth for the remainder of fiscal 2024. LAKE has a Value Score of A and currently sports a Zacks Rank #1. 
ODP Corp is a provider of business services, products and digital workplace technology solutions to businesses and consumers. The company is on track with Project CORE, its business optimization initiative that facilitates enhancing its position to continue delivering shareholder value. The powerful combination of the company&#39;s business unit structure and approach to operational excellence are likely to drive efficiencies in its business, creating greater flexibility while navigating challenging macroeconomic conditions. 
ODP stands to gain from the momentum in the supply-chain business, driven by its focus on expanding market presence and continued traction with new third-party customers. ODP Corp currently has a Value Score of A and a Zacks Rank #2. 
Midland, TX-based ProPetro is an oilfield service provider operating primarily in the Permian Basin spread over west Texas and New Mexico. The company focuses on growth through a combination of acquisitions and pressure pumping services in the lucrative Permian Basin. Its purchase of Pioneer Natural Resources assets has significantly boosted its fleet size. The deal&#39;s 10-year dedicated service agreement should ensure a stable revenue base in the medium to long term. 
ProPetro, through its leverage to the Permian Basin, is likely to benefit from this multi-year upcycle by providing hydraulic fracturing and other well-completion services to the E&amp;P firms. The company&#39;s strong relationships with high-quality customers provide revenue visibility and business certainty. It is also set to benefit from a debt-light balance sheet, which provides a potential lifeline amid a challenging operating environment. PUMP currently has a Zacks Rank #2 and a Value Score of A. 
Barrett provides business management solutions for small and mid-sized companies in the United States. The company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. 
The company has been gaining from an expanding client base and the ongoing rollout of BBSI Benefits. Additionally, Barrett has been witnessing positive results in its pricing and cost-management strategies, leading to strong, sustainable earnings growth. BBSI currently has a Value Score of A and a Zacks Rank #2. 
Based in Malibu, CA, JAKKS Pacific is a multi-brand company that has been designing and marketing a broad range of toys and consumer products. The company is benefiting from the FOB business model, strategic acquisitions, a solid international footprint, a focus on innovation, and collaborations with popular brands and movie franchisees. The emphasis on the expansion of retail reach bodes well. 
JAKK has emerged as a diversified consumer products company, buoyed by a string of acquisitions over the past several years. The company realized the importance of online retailing and shifted its focus to boosting online sales. JAKK has a Value Score of A and currently flaunts a Zacks Rank #1. 
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. 
The Research Wizard is a great place to begin. It&#39;s easy to use. Everything is in plain language. And it&#39;s very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
Disclosure: Performance information for Zacks&#39; portfolios and strategies are available at: https://www.zacks.com/performance.
<a href="https://www.zacks.com/stock/news/2277325/5-low-price-to-sales-stocks-to-make-a-profitable-portfolio?cid=CS-BENZ-FT-analyst_blog|rw-2277325">To read this article on Zacks.com click here.</a>

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