G&K Services Inc. (NASDAQ:GK) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $104.00.

Several research analysts have weighed in on GK shares. 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 downgraded 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. downgraded 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.

In related news, Director M Lenny Pippin sold 2,400 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $97.30, for a total transaction of $233,520.00. Following the completion of the transaction, the director now directly owns 22,398 shares of the company’s stock, valued at $2,179,325.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey Louis Cotter sold 477 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $96.99, for a total transaction of $46,264.23. Following the transaction, the vice president now directly owns 26,881 shares of the company’s stock, valued at $2,607,188.19. The disclosure for this sale can be found here. 3.66% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. BOKF NA boosted its position in shares of G&K Services by 0.4% in the second quarter. BOKF NA now owns 4,140 shares of the company’s stock worth $317,000 after buying an additional 17 shares during the last quarter. Opus Capital Group LLC boosted its position in shares of G&K Services by 1.2% in the second quarter. Opus Capital Group LLC now owns 2,809 shares of the company’s stock worth $215,000 after buying an additional 32 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of G&K Services by 0.4% in the second quarter. Nationwide Fund Advisors now owns 13,285 shares of the company’s stock worth $1,017,000 after buying an additional 53 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of G&K Services by 1.5% in the second quarter. Segall Bryant & Hamill LLC now owns 4,342 shares of the company’s stock worth $332,000 after buying an additional 63 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of G&K Services by 1.0% in the third quarter. Capstone Asset Management Co. now owns 7,033 shares of the company’s stock worth $672,000 after buying an additional 70 shares during the last quarter. 91.36% of the stock is owned by institutional investors.

Shares of G&K Services (NASDAQ:GK) opened at 96.01 on Friday. The stock’s 50 day moving average is $95.13 and its 200-day moving average is $84.99. G&K Services has a 12-month low of $51.94 and a 12-month high of $98.21. The company has a market capitalization of $1.89 billion, a P/E ratio of 29.01 and a beta of 1.06.

G&K Services (NASDAQ:GK) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.02. G&K Services had a return on equity of 18.75% and a net margin of 6.72%. The business earned $241 million during the quarter, compared to the consensus estimate of $245.08 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Analysts anticipate that G&K Services will post $3.77 earnings per share for the current year.

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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