EntryPoint Capital LLC Makes New $315,000 Investment in Aramark (NYSE:ARMK)

EntryPoint Capital LLC acquired a new position in Aramark (NYSE:ARMK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,454 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Aramark by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock valued at $2,002,000 after purchasing an additional 276 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after buying an additional 310 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Aramark by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 8,012 shares of the company's stock valued at $299,000 after acquiring an additional 391 shares during the period. HighTower Advisors LLC boosted its stake in shares of Aramark by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 16,504 shares of the company's stock worth $643,000 after acquiring an additional 395 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Aramark by 0.4% in the 4th quarter. Amalgamated Bank now owns 126,029 shares of the company's stock worth $4,702,000 after acquiring an additional 447 shares during the period.

Analyst Ratings Changes

ARMK has been the topic of a number of research analyst reports. StockNews.com downgraded Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Robert W. Baird increased their price objective on shares of Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Morgan Stanley lifted their target price on shares of Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Citigroup assumed coverage on shares of Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.42.

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Aramark Trading Up 1.4 %

Shares of Aramark stock traded up $0.50 during trading hours on Tuesday, reaching $35.02. 1,689,597 shares of the company's stock were exchanged, compared to its average volume of 2,091,310. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 27.57 and a beta of 1.60. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 52-week low of $29.82 and a 52-week high of $42.49. The company has a fifty day moving average of $36.60 and a 200-day moving average of $37.90.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period last year, the company earned $0.41 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a dividend of $0.105 per share. The ex-dividend date was Monday, February 10th. This represents a $0.42 dividend on an annualized basis and a yield of 1.20%. This is an increase from Aramark's previous quarterly dividend of $0.00. Aramark's dividend payout ratio (DPR) is currently 33.07%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.