Lake Street Capital Begins Coverage on Regis (NASDAQ:RGS)

Equities researchers at Lake Street Capital assumed coverage on shares of Regis (NASDAQ:RGS) in a report released on Tuesday. The firm set a “buy” rating and a $42.00 price target on the stock. Lake Street Capital’s price target would indicate a potential upside of 45.83% from the stock’s current price.

Several other research firms also recently issued reports on RGS. Wall Street Zen raised shares of Regis to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded shares of Regis from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.00.

Regis Price Performance

RGS stock opened at $28.80 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.59 and a quick ratio of 0.57. The company has a market capitalization of $72 million, a P/E ratio of 0.66 and a beta of 1.37. Regis has a 12 month low of $18.20 and a 12 month high of $31.50. The business has a 50 day simple moving average of $26.06.

Regis (NASDAQ:RGS) last posted its earnings results on Wednesday, May 13th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of ($0.30) by $0.87. The company had revenue of $52.41 million during the quarter, compared to the consensus estimate of $123.65 million. Regis had a net margin of 52.01% and a return on equity of 3.60%.

Institutional Investors Weigh In On Regis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new position in shares of Regis in the 4th quarter valued at about $247,000. Mink Brook Asset Management LLC acquired a new stake in Regis during the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP acquired a new stake in Regis during the 3rd quarter worth approximately $335,000. Renaissance Technologies LLC raised its holdings in Regis by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 13,344 shares of the company’s stock worth $370,000 after buying an additional 1,500 shares during the period. Finally, Kent Lake PR LLC acquired a new stake in Regis during the 2nd quarter worth approximately $412,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

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.