Aramark (NYSE:ARMK) Stock Dropped to Hold by Zacks Research

Aramark (NYSE:ARMK) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

ARMK has been the topic of several other reports. Morgan Stanley set a $63.00 price objective on Aramark in a research report on Tuesday, August 11th. Jefferies Financial Group boosted their target price on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Stifel Nicolaus upped their target price on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Citigroup raised their price target on shares of Aramark from $74.00 to $75.50 and gave the company a “buy” rating in a report on Monday, October 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Aramark Trading Down 4.1%

NYSE:ARMK opened at $52.36 on Tuesday. The company’s 50 day moving average price is $55.77 and its 200-day moving average price is $50.25. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65. 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 stock has a market cap of $13.80 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 0.80 and a beta of 1.10.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of Aramark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in Aramark during the second quarter worth $4,248,000. Bank of America Corp DE bought a new position in Aramark during the second quarter valued at $137,742,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Aramark in the second quarter valued at $1,001,000. Corient Private Wealth LP raised its stake in shares of Aramark by 477.3% in the second quarter. Corient Private Wealth LP now owns 65,214 shares of the company’s stock valued at $3,711,000 after acquiring an additional 53,917 shares during the period. Finally, BlackRock Inc. purchased a new stake in shares of Aramark in the second quarter valued at $1,411,586,000.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.

Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.