Thrivent Financial for Lutherans Has $3.14 Million Position in Aramark $ARMK

Thrivent Financial for Lutherans increased its position in Aramark (NYSE:ARMK) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,251 shares of the company’s stock after purchasing an additional 18,296 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Aramark were worth $3,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Aramark by 102.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after purchasing an additional 667,528 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Aramark by 166.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock valued at $43,450,000 after purchasing an additional 706,677 shares during the period. Junto Capital Management LP bought a new stake in shares of Aramark in the 3rd quarter valued at about $132,157,000. Fisher Asset Management LLC raised its holdings in shares of Aramark by 73.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock valued at $56,398,000 after purchasing an additional 622,430 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Aramark by 525.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock valued at $1,531,000 after purchasing an additional 33,507 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a report on Friday, March 27th. Citigroup reaffirmed a “buy” rating on shares of Aramark in a report on Monday, May 18th. Stifel Nicolaus upped their price target on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. UBS Group upped their price target on shares of Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $54.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.25.

Aramark Stock Down 0.7%

Shares of ARMK opened at $51.27 on Friday. Aramark has a 52 week low of $35.07 and a 52 week high of $53.56. The firm has a market cap of $13.48 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The firm’s 50-day simple moving average is $44.50 and its 200 day simple moving average is $40.64. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the business earned $0.35 EPS. Aramark’s quarterly revenue was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 20th. Aramark’s dividend payout ratio is presently 35.82%.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.