Regis (NASDAQ:RGS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Regis (NASDAQ:RGS) to a "hold" rating and Weiss Ratings reiterated a "hold (c+)", leaving the consensus analyst rating at Hold.
• Regis stock opened at $24.44 with a 12‑month range of $15.00–$31.50, a market cap of $61.1 million and a P/E of 0.56; the company reported last quarter EPS of $0.60 on $57.12 million in revenue and a reported net margin of 50.79%.
• Multiple hedge funds and institutional investors recently built positions in Regis (including Diametric Capital, Kent Lake PR, Aspire Growth Partners and others), and institutions now own about 31.50% of the stock.

Regis (NASDAQ:RGS - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Regis in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Regis Stock Performance

Regis stock opened at $24.44 on Friday. Regis has a 12-month low of $15.00 and a 12-month high of $31.50. The stock has a market cap of $61.10 million, a price-to-earnings ratio of 0.56 and a beta of 1.39. The business has a 50 day moving average price of $22.96. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.59.

Regis (NASDAQ:RGS - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.60 earnings per share for the quarter. The business had revenue of $57.12 million for the quarter. Regis had a net margin of 50.79% and a return on equity of 4.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Diametric Capital LP purchased a new stake in Regis during the 2nd quarter valued at approximately $233,000. Kent Lake PR LLC bought a new position in shares of Regis during the second quarter worth $412,000. Aspire Growth Partners LLC grew its stake in Regis by 119.7% during the third quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company's stock valued at $938,000 after acquiring an additional 17,538 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Regis during the third quarter valued at $335,000. Finally, Mink Brook Asset Management LLC bought a new stake in Regis in the 3rd quarter valued at $267,000. 31.50% of the stock is currently owned by institutional investors.

Regis Company Profile

Regis NASDAQ: RGS is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company's brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.

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