Brookdale Senior Living (NYSE:BKD) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Brookdale Senior Living's stock price has recently crossed above its 200-day moving average, with shares trading at $8.04 compared to the average of $7.03.
• Wall Street analysts have mixed ratings for Brookdale, with a range from "sell" to "outperform," and an average price target of $8.25.
• The company reported a quarterly loss with EPS at ($0.18), missing projections, and is expected to have a challenging fiscal year with predicted earnings of -0.56 EPS.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.03 and traded as high as $8.27. Brookdale Senior Living shares last traded at $8.04, with a volume of 2,859,130 shares.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Saturday, September 27th. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $8.25.

Brookdale Senior Living Trading Down 0.2%

The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The business's 50-day moving average is $7.74 and its two-hundred day moving average is $7.03. The firm has a market cap of $1.88 billion, a P/E ratio of -7.66 and a beta of 0.90.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. As a group, analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BKD. GAMMA Investing LLC boosted its holdings in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Brookdale Senior Living during the first quarter worth $47,000. Strs Ohio acquired a new stake in Brookdale Senior Living in the first quarter valued at $61,000. Lazard Asset Management LLC grew its position in shares of Brookdale Senior Living by 41.0% in the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company's stock valued at $87,000 after acquiring an additional 3,644 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $126,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.

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