Landscape Capital Management L.L.C. Lowers Stake in Aramark (NYSE:ARMK)

Landscape Capital Management L.L.C. lowered its position in Aramark (NYSE:ARMK - Free Report) by 27.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,847 shares of the company's stock after selling 16,194 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Aramark were worth $1,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in Aramark by 173.9% in the 3rd quarter. Blue Trust Inc. now owns 5,697 shares of the company's stock worth $221,000 after purchasing an additional 3,617 shares in the last quarter. Anthracite Investment Company Inc. purchased a new stake in Aramark in the 3rd quarter worth $3,524,000. Leeward Investments LLC MA purchased a new stake in shares of Aramark during the 2nd quarter worth $9,263,000. Quest Partners LLC increased its position in Aramark by 3,617,700.0% during the third quarter. Quest Partners LLC now owns 36,178 shares of the company's stock worth $1,401,000 after buying an additional 36,177 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Aramark by 19.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 810,174 shares of the company's stock valued at $26,347,000 after acquiring an additional 129,939 shares in the last quarter.

Aramark Price Performance

NYSE:ARMK traded up $0.44 during trading hours on Friday, hitting $40.86. 1,838,355 shares of the company's stock traded hands, compared to its average volume of 2,227,897. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. Aramark has a 52 week low of $26.58 and a 52 week high of $42.04. The firm has a market cap of $10.76 billion, a P/E ratio of 41.13 and a beta of 1.62. The business's fifty day simple moving average is $38.34 and its two-hundred day simple moving average is $35.44.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.001 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. Aramark's dividend payout ratio (DPR) is presently 42.42%.

Analyst Ratings Changes

ARMK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Aramark from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Aramark from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on shares of Aramark from $38.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. StockNews.com raised shares of Aramark from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Finally, Stifel Nicolaus boosted their target price on Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Aramark presently has an average rating of "Moderate Buy" and an average target price of $42.23.

Aramark Company 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.