Bridges Investment Management Inc. Invests $943,000 in Aramark $ARMK

Bridges Investment Management Inc. acquired a new position in shares of Aramark (NYSE:ARMK) in the 4th quarter, HoldingsChannel reports. The fund acquired 25,570 shares of the company’s stock, valued at approximately $943,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Aramark during the 4th quarter worth approximately $128,738,000. Junto Capital Management LP acquired a new stake in Aramark during the 3rd quarter worth approximately $132,157,000. Cooke & Bieler LP acquired a new stake in Aramark during the 4th quarter worth approximately $118,110,000. AQR Capital Management LLC lifted its position in Aramark by 281.1% during the 3rd quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock worth $129,296,000 after acquiring an additional 2,484,319 shares during the period. Finally, Invesco Ltd. lifted its position in Aramark by 176.8% during the 3rd quarter. Invesco Ltd. now owns 1,878,371 shares of the company’s stock worth $72,129,000 after acquiring an additional 1,199,729 shares during the period.

Aramark Stock Performance

NYSE ARMK opened at $53.51 on Thursday. Aramark has a 1-year low of $35.07 and a 1-year high of $54.57. The company has a market capitalization of $14.07 billion, a P/E ratio of 39.93, a PEG ratio of 1.12 and a beta of 1.12. The business has a 50 day moving average price of $46.62 and a 200 day moving average price of $41.52. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the business posted $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. Sell-side analysts expect that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s dividend payout ratio (DPR) is presently 35.82%.

Analyst Ratings Changes

A number of research firms have weighed in on ARMK. Citigroup reaffirmed a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $54.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Finally, Oppenheimer increased their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

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.