Aramark (NYSE:ARMK)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a report issued on Sunday. They presently have a $47.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 31.17% from the stock’s previous close.

Several other equities research analysts have also issued reports on ARMK. Nomura dropped their price target on Aramark from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. dropped their price target on Aramark from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research lowered Aramark from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.60.

Shares of ARMK stock opened at $35.83 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.36 and a quick ratio of 1.03. Aramark has a 12-month low of $33.98 and a 12-month high of $46.09. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.27 and a beta of 0.88.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Aramark had a return on equity of 18.15% and a net margin of 3.60%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Aramark will post 2.37 earnings per share for the current fiscal year.

In other news, EVP Stephen R. Reynolds sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total value of $619,950.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company’s stock, valued at approximately $1,944,907.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantum Capital Management bought a new stake in shares of Aramark in the 2nd quarter valued at about $841,000. Jane Street Group LLC raised its position in Aramark by 27.1% during the 2nd quarter. Jane Street Group LLC now owns 21,018 shares of the company’s stock valued at $780,000 after purchasing an additional 4,485 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new position in Aramark during the 3rd quarter valued at approximately $3,599,000. Private Advisor Group LLC raised its position in Aramark by 951.0% during the 2nd quarter. Private Advisor Group LLC now owns 99,580 shares of the company’s stock valued at $3,695,000 after purchasing an additional 90,105 shares during the last quarter. Finally, BP PLC bought a new position in Aramark during the 3rd quarter valued at approximately $1,161,000.

Aramark Company Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

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Analyst Recommendations for Aramark (NYSE:ARMK)

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