TheStreet cut shares of Trueblue (NYSE:TBI) from a b- rating to a c+ rating in a report issued on Tuesday morning, TheStreetRatingsTable reports.

A number of other analysts have also recently commented on TBI. Zacks Investment Research upgraded Trueblue from a sell rating to a hold rating in a research report on Thursday, April 11th. ValuEngine upgraded Trueblue from a sell rating to a hold rating in a research report on Monday, April 29th. Robert W. Baird reduced their price objective on Trueblue from $27.00 to $26.00 and set a neutral rating for the company in a research report on Tuesday, April 30th. Finally, BMO Capital Markets reduced their price objective on Trueblue from $26.00 to $24.00 and set a market perform rating for the company in a research report on Monday, February 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Trueblue has a consensus rating of Hold and a consensus target price of $25.50.

Shares of NYSE:TBI opened at $23.54 on Tuesday. The firm has a market cap of $937.16 million, a PE ratio of 10.32 and a beta of 1.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 1.79. Trueblue has a 1 year low of $20.56 and a 1 year high of $29.85.

Trueblue (NYSE:TBI) last announced its quarterly earnings results on Monday, April 29th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $552.30 million for the quarter, compared to the consensus estimate of $560.27 million. Trueblue had a return on equity of 15.35% and a net margin of 2.61%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, research analysts predict that Trueblue will post 2.28 earnings per share for the current fiscal year.

In other Trueblue news, EVP James E. Defebaugh sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $24.69, for a total value of $246,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO A. Patrick Beharelle sold 15,700 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $24.54, for a total value of $385,278.00. Following the completion of the sale, the chief executive officer now owns 107,965 shares of the company’s stock, valued at approximately $2,649,461.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,700 shares of company stock valued at $2,189,078. Company insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TBI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trueblue by 42.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,738 shares of the business services provider’s stock worth $61,000 after buying an additional 822 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Trueblue during the fourth quarter worth about $71,000. Sterling Investment Advisors Ltd. grew its position in shares of Trueblue by 100.0% during the first quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the business services provider’s stock worth $95,000 after purchasing an additional 2,000 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Trueblue during the fourth quarter worth about $138,000. Finally, Meeder Asset Management Inc. grew its position in shares of Trueblue by 1,301.5% during the first quarter. Meeder Asset Management Inc. now owns 6,517 shares of the business services provider’s stock worth $154,000 after purchasing an additional 6,052 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Trueblue Company Profile

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

Further Reading: Overbought

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