Jefferies Financial Group reissued their hold rating on shares of Healthcare Services Group (NASDAQ:HCSG) in a report released on Friday, BenzingaRatingsTable reports. Jefferies Financial Group currently has a $32.00 price target on the business services provider’s stock, down from their previous price target of $40.00.

HCSG has been the subject of a number of other research reports. Robert W. Baird decreased their price objective on shares of Healthcare Services Group from $39.00 to $33.00 and set a neutral rating for the company in a report on Tuesday, March 19th. TheStreet upgraded shares of Tupperware Brands from a d+ rating to a c rating in a report on Friday, March 15th. ValuEngine upgraded shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, BidaskClub lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Healthcare Services Group presently has a consensus rating of Hold and an average target price of $38.67.

Shares of HCSG opened at $31.25 on Friday. Healthcare Services Group has a 1-year low of $28.24 and a 1-year high of $48.73. The firm’s 50-day moving average is $31.43. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.76.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. The company had revenue of $476.11 million for the quarter, compared to the consensus estimate of $489.64 million. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Healthcare Services Group will post 1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a $0.1975 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.79 annualized dividend and a dividend yield of 2.53%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s payout ratio is currently 70.54%.

In other news, Director Robert L. Frome sold 7,502 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $32.64, for a total value of $244,865.28. Following the completion of the sale, the director now owns 18,407 shares in the company, valued at approximately $600,804.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HCSG. First Trust Advisors LP bought a new position in shares of Healthcare Services Group during the 1st quarter worth approximately $29,635,000. Norges Bank bought a new position in shares of Healthcare Services Group during the 4th quarter worth approximately $26,517,000. Giverny Capital Inc. raised its stake in shares of Healthcare Services Group by 3,000.9% during the 1st quarter. Giverny Capital Inc. now owns 287,334 shares of the business services provider’s stock worth $9,479,000 after acquiring an additional 278,068 shares in the last quarter. Elk Creek Partners LLC raised its stake in shares of Healthcare Services Group by 34.3% during the 1st quarter. Elk Creek Partners LLC now owns 622,953 shares of the business services provider’s stock worth $20,551,000 after acquiring an additional 159,160 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Healthcare Services Group by 779.1% during the 1st quarter. Federated Investors Inc. PA now owns 175,635 shares of the business services provider’s stock worth $5,794,000 after acquiring an additional 155,656 shares in the last quarter.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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