G & K Services Inc. Shs -A- CEO Unloads $515,288 in Stock (GK)
G & K Services Inc. Shs -A- (NYSE:GK) CEO Douglas Milroy sold 8,200 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $62.84, for a total value of $515,288.00. Following the completion of the transaction, the chief executive officer now directly owns 271,621 shares of the company’s stock, valued at approximately $17,068,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
G & K Services Inc. Shs -A- (NYSE:GK) traded down 0.88% on Thursday, hitting $62.01. 18,842 shares of the company’s stock traded hands. G & K Services Inc. Shs -A- has a one year low of $29.80 and a one year high of $55.58. The stock’s 50-day moving average is $58.83 and its 200-day moving average is $52.18. The company has a market cap of $1.221 billion and a P/E ratio of 26.29.
G & K Services Inc. Shs -A- (NYSE:GK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.01. The company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $230.92 million. G & K Services Inc. Shs -A-’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that G & K Services Inc. Shs -A- will post $2.91 EPS for the current fiscal year.
A number of research firms have recently commented on GK. Analysts at Sidoti downgraded shares of G & K Services Inc. Shs -A- from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 7th. Analysts at Barrington Research reiterated an “outperform” rating on shares of G & K Services Inc. Shs -A- in a research note to investors on Monday, August 19th. They now have a $59.00 price target on the stock, up previously from $53.00.
G&K Services, Inc, provides branded uniform and facility services programs. The Company serves a base of approximately 165,000 customers.
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