Healthcare Services Group Inc
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Industrials : Commercial Services & Supplies | Small Cap Blend
Company profile

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The Company operates through two segments: housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). Its housekeeping service involves the management of a client's housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident rooms and common areas of a client's facility. Its dietary services consist of managing the client's dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian services, including the development of menus that meet the dietary needs of residents.

Postmarket

Last Trade
Delayed
$24.55
0.0001 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$24.55
Day's Change
1.31 (5.64%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
26.24
Day's Low
23.12
Volume
(Heavy Day)
Volume:
1,522,096

10-day average volume:
378,516
1,522,096

Shake Shack will benefit most from resumed NYC indoor dining: Truist Securities

10:41 am ET September 10, 2020 (MarketWatch)
Print

Shake Shack Inc. (SHAK) stands to gain most from Gov. Andrew Cuomo's announcement that indoor dining at 25% capacity will resume in New York City, according to a Truist Securities analysis of its restaurant coverage. Indoor dining will begin in the city on September 30 (http://www.marketwatch.com/story/nyc-restaurants-can-reopen-indoor-dining-on-sept-30-gov-cuomo-says-2020-09-09). Truist says about 15% of Shake Shack's company-owned restaurants are in New York City, and those restaurants accounted for 20% to 25% of sales pre-COVID-19. Shake Shack had been under pressure (http://www.marketwatch.com/story/shake-shack-says-chickn-bites-weighed-on-results-but-analysts-are-concerned-about-the-move-to-grubhub-2020-02-25) previously due to its transition to a single delivery partner, Grubhub Inc. (GRUB). Other restaurant chains that stand to gain are Popeyes, which is part of the Restaurant Brands International Inc. (QSR.T) portfolio and has about 4% of stores in the city, and Chipotle Mexican Grill Inc. (CMG), which has about 3% of its restaurants in the five boroughs. Shake Shack stock is up 20% for the year to date while the S&P 500 index is up almost 6% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 10, 2020 10:41 ET (14:41 GMT)

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