Robert W. Baird initiated coverage on shares of Healthcare Services Group Inc. (NASDAQ:HCSG) in a research report sent to investors on Friday. The brokerage issued an outperform rating and a $46.00 target price on the stock.

Several other research analysts have also recently commented on HCSG. Jefferies Group boosted their price target on shares of Healthcare Services Group from $36.00 to $41.00 and gave the stock a hold rating in a report on Wednesday, July 13th. Zacks Investment Research cut shares of Healthcare Services Group from a hold rating to a sell rating in a report on Tuesday, July 12th. Finally, William Blair cut shares of Healthcare Services Group from an outperform rating to a market perform rating in a report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Healthcare Services Group has an average rating of Hold and an average price target of $41.25.

Healthcare Services Group (NASDAQ:HCSG) opened at 38.39 on Friday. The stock has a market cap of $2.78 billion, a PE ratio of 44.08 and a beta of 0.56. Healthcare Services Group has a one year low of $31.50 and a one year high of $42.18. The company’s 50 day moving average is $39.06 and its 200 day moving average is $38.37.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Healthcare Services Group had a net margin of 4.25% and a return on equity of 20.70%. The company earned $386.56 million during the quarter, compared to analysts’ expectations of $392.26 million. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Healthcare Services Group will post $1.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be issued a $0.1838 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.74 annualized dividend and a dividend yield of 1.91%. Healthcare Services Group’s dividend payout ratio is presently 83.15%.

In other news, Director Robert L. Frome sold 3,365 shares of the company’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $38.10, for a total value of $128,206.50. Following the completion of the transaction, the director now owns 33,866 shares in the company, valued at approximately $1,290,294.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its position in shares of Healthcare Services Group by 5.4% in the second quarter. LS Investment Advisors LLC now owns 2,694 shares of the company’s stock valued at $111,000 after buying an additional 139 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Healthcare Services Group by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,416 shares of the company’s stock valued at $141,000 after buying an additional 1,488 shares during the last quarter. BlackRock Inc. boosted its position in shares of Healthcare Services Group by 100.2% in the first quarter. BlackRock Inc. now owns 4,693 shares of the company’s stock valued at $173,000 after buying an additional 2,349 shares during the last quarter. WASHINGTON TRUST Co bought a new position in shares of Healthcare Services Group during the second quarter valued at about $206,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Healthcare Services Group during the second quarter valued at about $210,000. Institutional investors and hedge funds own 94.89% of the company’s stock.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

5 Day Chart for NASDAQ:HCSG

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