Ranger Investment Management L.P. Buys New Stake in Aramark $ARMK

Ranger Investment Management L.P. bought a new stake in shares of Aramark (NYSE:ARMK) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 333,660 shares of the company’s stock, valued at approximately $18,985,000. Ranger Investment Management L.P. owned about 0.13% of Aramark as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ARMK. Goldman Sachs Group Inc. increased its position in Aramark by 38.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after purchasing an additional 135,224 shares in the last quarter. Creative Planning boosted its stake in shares of Aramark by 36.0% during the 2nd quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after purchasing an additional 573 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Aramark during the second quarter worth about $640,000. Finally, Cerity Partners LLC raised its position in shares of Aramark by 61.5% in the second quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock valued at $674,000 after buying an additional 6,127 shares during the last quarter.

Aramark Stock Down 0.1%

Shares of NYSE ARMK opened at $59.71 on Monday. The stock has a market capitalization of $15.74 billion, a PE ratio of 41.76, a P/E/G ratio of 1.05 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average of $56.95 and a 200-day moving average of $49.00. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65.

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

Aramark Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on ARMK shares. Royal Bank Of Canada raised their target price on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $63.00 price target on Aramark in a report on Tuesday, August 11th. Stifel Nicolaus increased their price target on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Oppenheimer raised their price objective on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Aramark 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.