Aramark (NYSE:ARMK) Price Target Raised to $55.00

Aramark (NYSE:ARMK) had its price objective hoisted by JPMorgan Chase & Co. from $49.00 to $55.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. UBS Group lifted their target price on shares of Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $54.00 target price on shares of Aramark in a research report on Wednesday. Citigroup lifted their target price on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Oppenheimer lifted their target price on shares of Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Aramark Stock Up 0.7%

NYSE ARMK opened at $53.08 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.13. The company’s 50 day simple moving average is $43.35 and its 200 day simple moving average is $40.19. Aramark has a 12 month low of $35.07 and a 12 month high of $53.57. The company has a market capitalization of $13.96 billion, a P/E ratio of 39.61, a PEG ratio of 1.11 and a beta of 1.08.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, topping 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 the consensus estimate of $4.75 billion. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts expect that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Announces Dividend

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 paid a $0.12 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s payout ratio is 40.34%.

Institutional Trading of Aramark

Institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new stake in Aramark in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aramark in the third quarter worth $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Aramark in the first quarter worth $32,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark in the fourth quarter worth $32,000. Finally, Quarry LP acquired a new stake in shares of Aramark in the third quarter worth $35,000.

About Aramark

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.