Shares of Aramark (NYSE:ARMK) have earned an average rating of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.25.
ARMK has been the subject of several research reports. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. TheStreet raised shares of Aramark from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Robert W. Baird increased their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Oppenheimer initiated coverage on shares of Aramark in a research report on Thursday, August 22nd. They set an “outperform” rating and a $50.00 price objective for the company.
Shares of ARMK stock traded down $0.43 during trading hours on Friday, hitting $42.69. 2,384,452 shares of the company were exchanged, compared to its average volume of 3,338,388. The business has a 50 day moving average of $38.73 and a two-hundred day moving average of $34.02. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. Aramark has a 52 week low of $25.49 and a 52 week high of $43.70. The company has a market capitalization of $10.41 billion, a PE ratio of 21.45, a PEG ratio of 2.39 and a beta of 0.89.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Aramark will post 2.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 14th. Aramark’s dividend payout ratio (DPR) is currently 22.11%.
In related news, insider Keith Bethel sold 7,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $37.40, for a total value of $280,500.00. Following the completion of the transaction, the insider now owns 43,692 shares of the company’s stock, valued at $1,634,080.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Sepio Capital LLC lifted its stake in Aramark by 25.0% in the first quarter. Sepio Capital LLC now owns 48,210 shares of the company’s stock valued at $1,425,000 after acquiring an additional 9,631 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Aramark by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,229,244 shares of the company’s stock worth $44,327,000 after buying an additional 47,264 shares during the last quarter. BB&T Securities LLC lifted its stake in shares of Aramark by 0.8% during the 2nd quarter. BB&T Securities LLC now owns 92,890 shares of the company’s stock worth $3,349,000 after buying an additional 706 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Aramark by 32.7% during the 2nd quarter. Aperio Group LLC now owns 32,091 shares of the company’s stock worth $1,157,000 after buying an additional 7,908 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Aramark during the 2nd quarter worth about $223,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.
Aramark Company Profile
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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