Aramark (NYSE:ARMK) Receives $34.89 Consensus PT from Brokerages

Shares of Aramark (NYSE:ARMK - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.89.

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price objective on Aramark from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Oppenheimer boosted their price objective on Aramark from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, June 12th. UBS Group upped their price target on Aramark from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, June 21st. Finally, Truist Financial upped their price target on Aramark from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th.

Institutional Trading of Aramark

A number of institutional investors have recently added to or reduced their stakes in ARMK. Vanguard Group Inc. lifted its holdings in Aramark by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 25,444,549 shares of the company's stock worth $882,926,000 after purchasing an additional 152,572 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Aramark by 121.0% in the 4th quarter. Nordea Investment Management AB now owns 368,303 shares of the company's stock valued at $10,268,000 after acquiring an additional 201,623 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Aramark by 711.4% in the 4th quarter. SG Americas Securities LLC now owns 41,918 shares of the company's stock valued at $1,178,000 after acquiring an additional 36,752 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Aramark by 78.9% in the 4th quarter. Pacer Advisors Inc. now owns 39,246 shares of the company's stock valued at $1,103,000 after acquiring an additional 17,303 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Aramark by 82.7% in the 4th quarter. Fifth Third Bancorp now owns 1,873 shares of the company's stock valued at $53,000 after acquiring an additional 848 shares in the last quarter.

Aramark Trading Down 1.8 %

ARMK traded down $0.59 during trading on Thursday, hitting $32.83. The company's stock had a trading volume of 1,556,540 shares, compared to its average volume of 2,371,649. Aramark has a twelve month low of $23.95 and a twelve month high of $34.37. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The stock's fifty day moving average price is $33.02 and its 200-day moving average price is $31.46. The firm has a market capitalization of $8.63 billion, a P/E ratio of 13.79, a PEG ratio of 1.36 and a beta of 1.59.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.25 billion. Aramark had a return on equity of 13.82% and a net margin of 3.43%. Analysts anticipate that Aramark will post 1.57 EPS for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.38 dividend on an annualized basis and a yield of 1.16%. Aramark's dividend payout ratio (DPR) is 15.97%.

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.