Healthcare Services Group, Inc. (NASDAQ:HCSG)‘s stock had its “buy” rating reissued by analysts at Robert W. Baird in a note issued to investors on Wednesday. They presently have a $52.00 price objective on the business services provider’s stock. Robert W. Baird’s target price suggests a potential downside of 4.78% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a research note on Tuesday, August 22nd. Credit Suisse Group reissued an “outperform” rating and issued a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.00.

Healthcare Services Group (HCSG) opened at 54.61 on Wednesday. The firm has a 50-day moving average price of $51.82 and a 200-day moving average price of $48.45. The firm has a market capitalization of $4.00 billion, a P/E ratio of 47.90 and a beta of 0.62. Healthcare Services Group has a 52 week low of $34.83 and a 52 week high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. Equities analysts forecast that Healthcare Services Group will post $1.25 EPS for the current year.

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In other news, Director Robert L. Frome sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the director now owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John Christopher Shea sold 4,750 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total transaction of $247,000.00. Following the sale, the chief financial officer now owns 7,157 shares of the company’s stock, valued at approximately $372,164. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,750 shares of company stock valued at $1,910,345. Company insiders own 4.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Strs Ohio boosted its position in Healthcare Services Group by 16.9% in the second quarter. Strs Ohio now owns 9,000 shares of the business services provider’s stock valued at $421,000 after buying an additional 1,300 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Healthcare Services Group by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 16,580 shares of the business services provider’s stock worth $714,000 after buying an additional 250 shares during the last quarter. Aperio Group LLC grew its stake in Healthcare Services Group by 20.1% during the second quarter. Aperio Group LLC now owns 32,715 shares of the business services provider’s stock worth $1,532,000 after buying an additional 5,474 shares during the last quarter. SG Americas Securities LLC grew its stake in Healthcare Services Group by 720.8% during the second quarter. SG Americas Securities LLC now owns 23,466 shares of the business services provider’s stock worth $1,099,000 after buying an additional 20,607 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Healthcare Services Group by 6.5% during the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock worth $294,424,000 after buying an additional 418,676 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

About Healthcare Services Group

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, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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