G&K Services Inc. (NASDAQ:GK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “G&K Services, Inc. is a market leader in branded identity apparel programs and facility services in the United States, and is the largest such provider in Canada. G&K operates over processing facilities and branch offices. “

GK has been the subject of several other research reports. Robert W. Baird upgraded shares of G&K Services from a “neutral” rating to an “outperform” rating and set a $111.00 target price for the company in a report on Wednesday, August 17th. Barrington Research lowered shares of G&K Services from an “outperform” rating to a “market perform” rating in a 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 target price for the company. in a report on Thursday, August 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.67.

Analyst Recommendations for G&K Services (NASDAQ:GK)

G&K Services (NASDAQ:GK) traded up 0.10% on Monday, hitting $96.00. 142,646 shares of the stock were exchanged. The firm has a market cap of $1.89 billion, a P/E ratio of 29.00 and a beta of 1.06. G&K Services has a 12 month low of $51.94 and a 12 month high of $98.21. The company has a 50-day moving average of $95.11 and a 200 day moving average of $86.23.

G&K Services (NASDAQ:GK) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $245.08 million. During the same period in the previous year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that G&K Services will post $3.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.56 dividend on an annualized basis and a yield of 1.63%. G&K Services’s payout ratio is 47.13%.

In other G&K Services news, Director M Lenny Pippin sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $97.30, for a total transaction of $233,520.00. Following the transaction, the director now owns 22,398 shares of the company’s stock, valued at approximately $2,179,325.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey Louis Cotter sold 477 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,607,188.19. The disclosure for this sale can be found here. Corporate insiders own 3.66% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BOKF NA increased 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 increased 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 increased 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 increased 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. increased 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. 89.90% of the stock is currently owned by institutional investors and hedge funds.

About G&K Services

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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