Aramark Target of Unusually Large Options Trading (ARMK)

Aramark (NYSE:ARMK) saw unusually large options trading activity on Monday. Traders acquired 10,002 put options on the stock. This is an increase of approximately 1,900% compared to the typical volume of 500 put options.

Shares of NYSE ARMK opened at $38.17 on Tuesday. The firm has a market cap of $9.42 billion, a PE ratio of 21.56, a PEG ratio of 1.58 and a beta of 0.65. Aramark has a twelve month low of $36.28 and a twelve month high of $46.09. The company has a current ratio of 1.30, a quick ratio of 0.98 and a debt-to-equity ratio of 2.77.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Aramark had a net margin of 3.29% and a return on equity of 17.96%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. equities analysts anticipate that Aramark will post 2.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Thursday, May 17th were issued a dividend of $0.105 per share. The ex-dividend date was Wednesday, May 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.10%. Aramark’s payout ratio is 23.73%.

ARMK has been the topic of several research analyst reports. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. TheStreet cut shares of Aramark from a “b” rating to a “c+” rating in a research note on Tuesday, May 8th. Finally, ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.33.

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Aramark by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 415,565 shares of the company’s stock worth $17,761,000 after acquiring an additional 1,287 shares during the period. SG Americas Securities LLC increased its stake in Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after buying an additional 1,401 shares during the last quarter. MANA Advisors LLC increased its stake in Aramark by 23.5% in the 1st quarter. MANA Advisors LLC now owns 7,632 shares of the company’s stock valued at $302,000 after buying an additional 1,452 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Aramark by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 218,976 shares of the company’s stock valued at $8,663,000 after buying an additional 1,554 shares during the last quarter. Finally, Comerica Bank increased its stake in Aramark by 7.9% in the 1st quarter. Comerica Bank now owns 21,465 shares of the company’s stock valued at $805,000 after buying an additional 1,567 shares during the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

Aramark Company Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

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