Brokerages Set Aramark (NYSE:ARMK) Target Price at $39.68

Shares of Aramark (NYSE:ARMK - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.68.

Several research analysts have issued reports on ARMK shares. UBS Group lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Aramark from a "hold" rating to a "buy" rating and increased their price target for the company from $36.00 to $39.00 in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Aramark from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Aramark from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Finally, Bank of America upped their price target on shares of Aramark from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ARMK. UMB Bank n.a. increased its stake in shares of Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company's stock worth $30,000 after purchasing an additional 605 shares during the last quarter. Twin Tree Management LP raised its holdings in Aramark by 32.0% during the first quarter. Twin Tree Management LP now owns 1,424 shares of the company's stock valued at $46,000 after buying an additional 345 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Aramark in the third quarter worth about $52,000. GAMMA Investing LLC boosted its stake in shares of Aramark by 319.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company's stock worth $57,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Aramark by 44,750.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,794 shares of the company's stock valued at $61,000 after acquiring an additional 1,790 shares during the last quarter.

Aramark Stock Performance

Shares of ARMK traded down $0.37 during mid-day trading on Friday, reaching $37.60. 1,490,021 shares of the company's stock traded hands, compared to its average volume of 2,231,439. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. The business's 50-day moving average price is $37.57 and its 200-day moving average price is $34.57. The stock has a market capitalization of $9.89 billion, a P/E ratio of 15.80 and a beta of 1.62. Aramark has a 12 month low of $25.92 and a 12 month high of $39.99.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities analysts predict that Aramark will post 1.55 earnings per share for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Aramark's dividend payout ratio (DPR) is presently 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.