Aramark (NYSE:ARMK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aramark (NYSE:ARMKGet Free Report) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.59.

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price target on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Truist Financial boosted their price target on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

View Our Latest Stock Analysis on ARMK

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in Aramark by 3.6% during the third quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock worth $295,000 after acquiring an additional 265 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of Aramark by 0.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock worth $2,381,000 after buying an additional 310 shares during the last quarter. Huntington National Bank increased its position in Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after buying an additional 341 shares in the last quarter. Cadent Capital Advisors LLC boosted its holdings in Aramark by 4.7% in the third quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company’s stock worth $299,000 after acquiring an additional 349 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Aramark by 2.5% in the third quarter. HighTower Advisors LLC now owns 16,504 shares of the company’s stock worth $643,000 after acquiring an additional 395 shares during the last quarter.

Aramark Stock Up 0.6 %

Shares of ARMK opened at $37.62 on Friday. Aramark has a 1 year low of $27.47 and a 1 year high of $42.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $39.27 and a two-hundred day simple moving average of $36.61. The firm has a market cap of $9.96 billion, a P/E ratio of 38.00 and a beta of 1.63.

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

Aramark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a $0.001 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s dividend payout ratio (DPR) is 42.42%.

Aramark Company Profile

(Get Free Report

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.

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Analyst Recommendations for Aramark (NYSE:ARMK)

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