Nicolet Advisory Services LLC Buys Shares of 7,487 Aramark (NYSE:ARMK)

Nicolet Advisory Services LLC purchased a new position in Aramark (NYSE:ARMK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,487 shares of the company’s stock, valued at approximately $284,000.

A number of other institutional investors also recently modified their holdings of ARMK. Huntington National Bank grew its stake in Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Aramark during the 3rd quarter worth approximately $28,000. UMB Bank n.a. increased its stake in shares of Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after acquiring an additional 605 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Aramark during the 3rd quarter valued at $52,000. Finally, GAMMA Investing LLC boosted its stake in Aramark by 319.3% during the second 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.

Aramark Price Performance

Aramark stock opened at $40.86 on Monday. The stock has a market cap of $10.78 billion, a P/E ratio of 41.27 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average price is $38.39 and its two-hundred day moving average price is $35.53. Aramark has a 52 week low of $26.58 and a 52 week high of $42.04.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.001 dividend. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. The ex-dividend date is Monday, December 2nd. Aramark’s payout ratio is 38.38%.

Wall Street Analyst Weigh In

ARMK has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America boosted their price objective on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. UBS Group increased their target price on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and boosted their price target for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.23.

About Aramark

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.