Sone Capital Management LLC Takes $11.16 Million Position in Aramark $ARMK

Sone Capital Management LLC purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 196,162 shares of the company’s stock, valued at approximately $11,162,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 135,224 shares during the last quarter. Creative Planning lifted its position in shares of Aramark by 36.0% during the second quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after purchasing an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Aramark during the second quarter valued at approximately $640,000. Finally, Cerity Partners LLC increased its holdings 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 purchasing an additional 6,127 shares in the last quarter.

Aramark Trading Down 0.7%

ARMK opened at $59.32 on Tuesday. The firm has a 50 day simple moving average of $57.06 and a 200 day simple moving average of $49.15. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14.

Aramark (NYSE:ARMK) last announced 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. The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period 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, sell-side analysts anticipate that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is currently 33.57%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Robert W. Baird boosted their target price on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Morgan Stanley set a $63.00 price target on Aramark in a research note on Tuesday, August 11th. Finally, Truist Financial raised their price target on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Aramark presently has a consensus rating of “Moderate Buy” and a consensus target price 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.