Heartland Advisors Inc. Invests $9.10 Million in Aramark $ARMK

Heartland Advisors Inc. purchased a new stake in shares of Aramark (NYSE:ARMK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,926 shares of the company’s stock, valued at approximately $9,100,000.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Aramark during the 2nd quarter worth $578,000. Vise Technologies Inc. bought a new stake in shares of Aramark during the second quarter worth $544,000. Great Lakes Advisors LLC bought a new stake in shares of Aramark during the second quarter worth $5,596,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Aramark during the second quarter valued at $7,691,000. Finally, Citizens Financial Group Inc. RI bought a new position in Aramark in the second quarter valued at about $328,000.

Aramark Price Performance

Shares of ARMK opened at $59.71 on Friday. The stock has a market cap of $15.74 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The stock’s 50-day moving average price is $56.95 and its two-hundred day moving average price is $48.93. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts predict that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Aramark’s payout ratio is 33.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ARMK shares. UBS Group boosted their price objective on Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Bank of America raised their target price on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings cut shares of Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price target on shares of Aramark in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

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.