Brookdale Senior Living (NYSE:BKD) Stock Price Up 8.8% - Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s stock price traded up 8.8% on Monday . The company traded as high as $6.24 and last traded at $6.26. 626,042 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 2,280,142 shares. The stock had previously closed at $5.75.

Analyst Ratings Changes

Several research firms recently commented on BKD. Barclays boosted their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research note on Wednesday. Macquarie reiterated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

The stock's 50 day simple moving average is $5.78 and its 200-day simple moving average is $5.56. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -7.01 and a beta of 0.87. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. On average, analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of BKD. Principal Financial Group Inc. grew its stake in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock valued at $927,000 after purchasing an additional 111,686 shares during the last quarter. Hedges Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 28.0% during the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company's stock valued at $1,333,000 after acquiring an additional 58,000 shares during the period. Hennessy Advisors Inc. boosted its holdings in Brookdale Senior Living by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company's stock valued at $7,543,000 after acquiring an additional 95,700 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Brookdale Senior Living by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,445 shares of the company's stock worth $1,388,000 after purchasing an additional 40,433 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Brookdale Senior Living by 43.7% in the 3rd quarter. Jane Street Group LLC now owns 303,695 shares of the company's stock valued at $2,062,000 after purchasing an additional 92,344 shares during the last quarter.

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.