Shares of Barrett Business Services, Inc. (NASDAQ:BBSI – Get Free Report) passed above its two hundred day moving average during trading on Wednesday following a stronger than expected earnings report. The stock has a two hundred day moving average of $32.94 and traded as high as $33.68. Barrett Business Services shares last traded at $33.10, with a volume of 290,714 shares trading hands.
The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The firm had revenue of $334.06 million during the quarter, compared to the consensus estimate of $335.89 million. Barrett Business Services had a net margin of 2.77% and a return on equity of 20.95%.
More Barrett Business Services News
Here are the key news stories impacting Barrett Business Services this week:
- Positive Sentiment: Revenue rose 5% year over year to $334.1 million, and gross billings increased 3% to $2.40 billion. BBSI also declared a dividend, providing a shareholder return. BBSI Reports Third Quarter 2026 Financial Results Barrett Business Services Reports Third-Quarter Results, Declares Dividend
- Neutral Sentiment: BBSI opened a Pittsburgh-area branch in Canonsburg, Pennsylvania, expanding its local presence; the near-term financial impact was not specified. BBSI Opens Pittsburgh Branch
- Negative Sentiment: Revenue of $334.1 million came in below the $335.9 million estimate. One report puts EPS at $0.67, short of the $0.69 consensus; Zacks separately reported EPS of $0.69, in line with estimates, but below $0.79 a year earlier. This mixed reporting aside, the revenue miss and lower year-over-year earnings are potential pressure points. Q3 Revenue Compared With Estimate Zacks Q3 Earnings Report
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on BBSI. Roth Capital downgraded Barrett Business Services from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $38.00 in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Barrett Business Services in a report on Friday, October 9th. Citigroup reiterated an “outperform” rating on shares of Barrett Business Services in a research report on Thursday, August 6th. Zacks Research upgraded shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Barrington Research set a $44.00 price target on shares of Barrett Business Services in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Barrett Business Services currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.
Check Out Our Latest Stock Report on BBSI
Institutional Trading of Barrett Business Services
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Barrett Business Services during the second quarter valued at approximately $26,000. GAMMA Investing LLC increased its position in shares of Barrett Business Services by 131.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,206 shares of the business services provider’s stock worth $78,000 after purchasing an additional 1,251 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Barrett Business Services by 772.6% during the 1st quarter. Fifth Third Bancorp now owns 3,953 shares of the business services provider’s stock worth $115,000 after purchasing an additional 3,500 shares in the last quarter. State of Wyoming bought a new stake in shares of Barrett Business Services in the 2nd quarter valued at about $157,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Barrett Business Services in the second quarter valued at approximately $223,000. 86.76% of the stock is owned by institutional investors.
Barrett Business Services Stock Performance
The firm has a market cap of $802.34 million, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.22 and a beta of 0.93. The firm has a fifty day simple moving average of $32.57 and a 200-day simple moving average of $32.94.
About Barrett Business Services
Barrett Business Services, Inc (BBSI) provides business management solutions for small and mid-sized companies in the United States. Its services are designed to help clients manage administrative responsibilities and improve operational efficiency while allowing them to focus on their core businesses.
The company operates primarily through a professional employer organization (PEO) model, providing payroll administration, human resources support, employee benefits administration, workers’ compensation services, and risk management.
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