Aramark (NYSE:ARMK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA. “

A number of other research analysts have also recently commented on ARMK. ValuEngine cut Aramark from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Robert W. Baird cut Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Wednesday, August 8th. Morgan Stanley increased their price objective on Aramark from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group began coverage on Aramark in a report on Friday, August 10th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, Nomura increased their price objective on Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.30.

Shares of NYSE ARMK traded up $0.11 during trading on Tuesday, reaching $35.94. 3,505,094 shares of the stock traded hands, compared to its average volume of 1,746,458. Aramark has a 52-week low of $33.98 and a 52-week high of $46.09. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.36 and a quick ratio of 1.03. The stock has a market capitalization of $9.09 billion, a PE ratio of 18.06, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Aramark will post 2.37 EPS for the current fiscal year.

In related news, EVP Stephen R. Reynolds sold 15,000 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total transaction of $619,950.00. Following the sale, the executive vice president now owns 47,058 shares of the company’s stock, valued at approximately $1,944,907.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc increased its stake in Aramark by 985.5% in the 3rd quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock worth $103,000 after acquiring an additional 2,178 shares during the last quarter. Squar Milner Financial Services LLC bought a new position in Aramark in the 2nd quarter worth about $105,000. Point72 Hong Kong Ltd bought a new position in Aramark in the 2nd quarter worth about $161,000. Captrust Financial Advisors increased its stake in Aramark by 236.4% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after acquiring an additional 3,101 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Aramark by 49.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock worth $191,000 after acquiring an additional 1,690 shares during the last quarter.

About Aramark

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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