G&K Services Inc. (NASDAQ:GK) Director Alice M. Richter sold 2,400 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $94.76, for a total transaction of $227,424.00. Following the completion of the sale, the director now owns 15,095 shares in the company, valued at approximately $1,430,402.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

G&K Services Inc. (NASDAQ:GK) opened at 95.40 on Friday. The firm’s 50-day moving average is $95.15 and its 200 day moving average is $84.82. The stock has a market capitalization of $1.88 billion, a P/E ratio of 28.82 and a beta of 1.06. G&K Services Inc. has a 12-month low of $51.94 and a 12-month high of $98.22.

G&K Services (NASDAQ:GK) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by $0.02. G&K Services had a net margin of 6.72% and a return on equity of 18.75%. The business earned $241 million during the quarter, compared to analysts’ expectations of $245.08 million. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts expect that G&K Services Inc. will post $3.79 EPS for the current year.

Insider Buying and Selling by Quarter for G&K Services (NASDAQ:GK)

A number of hedge funds have recently added to or reduced their stakes in GK. Public Employees Retirement System of Ohio increased its stake in G&K Services by 7.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,334 shares of the company’s stock valued at $102,000 after buying an additional 94 shares during the period. BlackRock Inc. increased its stake in G&K Services by 29.7% in the first quarter. BlackRock Inc. now owns 1,507 shares of the company’s stock valued at $111,000 after buying an additional 345 shares during the period. Advisor Group Inc. acquired a new stake in G&K Services during the second quarter valued at approximately $116,000. PineBridge Investments L.P. increased its stake in G&K Services by 3.0% in the second quarter. PineBridge Investments L.P. now owns 2,506 shares of the company’s stock valued at $192,000 after buying an additional 74 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in G&K Services by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 2,797 shares of the company’s stock valued at $214,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of G&K Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Robert W. Baird upgraded shares of G&K Services from a “neutral” rating to an “outperform” rating and set a $111.00 price target on the stock in a research report on Wednesday, August 17th. Barrington Research lowered shares of G&K Services from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Finally, JPMorgan Chase & Co. lowered shares of G&K Services from an “overweight” rating to a “neutral” rating and set a $97.00 price target on the stock. in a research report on Thursday, August 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $94.67.

G&K Services Company Profile

G&K Services, Inc is a service-focused provider of branded uniform and facility services programs. The Company provides a range of workwear and protective safety apparel through rental and direct purchase programs. The Company also supplies various facility products and services, including floor mats, towels, mops, restroom hygiene products, and first aid supplies.

5 Day Chart for NASDAQ:GK

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