Brookdale Senior Living (NYSE:BKD) Shares Gap Up - What's Next?

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $6.07, but opened at $6.41. Brookdale Senior Living shares last traded at $6.59, with a volume of 2,149,791 shares changing hands.

Analysts Set New Price Targets

BKD has been the subject of a number of analyst reports. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a report on Wednesday. They set a "buy" rating and a $8.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Bank of America cut shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.75.

Brookdale Senior Living Trading Up 10.0 %

The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $1.29 billion, a PE ratio of -8.74 and a beta of 1.31. The firm's fifty day moving average is $6.71 and its two-hundred day moving average is $6.89.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The company had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter last year, the firm posted ($0.15) EPS. On average, equities analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently modified their holdings of BKD. nVerses Capital LLC bought a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $52,000. Sei Investments Co. bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $81,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 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.