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Research analysts at Roth Capital lifted their price target on shares of Barrett Business Services (NASDAQ:BBSI) from $78.00 to $80.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Roth Capital’s price objective would suggest a potential upside of 44.35% from the company’s current price.

Shares of Barrett Business Services (NASDAQ:BBSI) traded down 2.91% on Thursday, hitting $55.42. 75,283 shares of the company’s stock traded hands. Barrett Business Services has a 1-year low of $41.96 and a 1-year high of $102.20. The stock has a 50-day moving average of $51.13 and a 200-day moving average of $59.25. The company has a market cap of $397.5 million and a P/E ratio of 23.20.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Tuesday, July 29th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. On average, analysts predict that Barrett Business Services will post $3.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%.

A number of other analysts have also recently weighed in on BBSI. Analysts at Lake Street Capital initiated coverage on shares of Barrett Business Services in a research note on Wednesday, July 2nd. They set a “buy” rating and a $75.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Barrett Business Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $48.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Barrett Business Services from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $46.30 price target on the stock.

Barrett Business Services, Inc is a provider of business management solutions, combining human resource outsourcing and professional management consulting.

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