A number of research firms have changed their ratings and price targets for Aramark (NYSE: ARMK):

  • 11/20/2018 – Aramark was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 11/19/2018 – Aramark is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $47.00 price target on the stock.
  • 11/18/2018 – Aramark had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $47.00 price target on the stock.
  • 11/15/2018 – Aramark had its price target lowered by analysts at Nomura from $50.00 to $47.00. They now have a “buy” rating on the stock.
  • 11/14/2018 – Aramark had its price target lowered by analysts at JPMorgan Chase & Co. from $53.00 to $48.00. They now have an “overweight” rating on the stock.
  • 11/14/2018 – Aramark was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $44.00 price target on the stock.
  • 11/13/2018 – Aramark was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/26/2018 – Aramark was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Aramark had its price target lowered by analysts at Barclays PLC from $47.00 to $42.00. They now have an “equal weight” rating on the stock.
  • 10/23/2018 – Aramark is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $49.00 price target on the stock.

NYSE ARMK opened at $35.94 on Wednesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.03 and a current ratio of 1.36. Aramark has a 1 year low of $33.98 and a 1 year high of $46.09. The firm has a market capitalization of $9.09 billion, a P/E ratio of 18.06, a PEG ratio of 1.27 and a beta of 0.88.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Aramark will post 2.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Monday, November 26th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.22%. This is an increase from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, November 23rd. Aramark’s dividend payout ratio is presently 21.11%.

In related news, EVP Stephen R. Reynolds sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total value of $619,950.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at approximately $1,944,907.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its position in Aramark by 74.4% during the 3rd quarter. Morgan Stanley now owns 848,166 shares of the company’s stock worth $36,488,000 after purchasing an additional 361,697 shares during the period. Legal & General Group Plc grew its position in Aramark by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 1,140,938 shares of the company’s stock worth $49,084,000 after purchasing an additional 23,514 shares during the period. Captrust Financial Advisors grew its position in Aramark by 236.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after purchasing an additional 3,101 shares during the period. Man Group plc grew its position in Aramark by 175.7% during the 3rd quarter. Man Group plc now owns 102,149 shares of the company’s stock worth $4,394,000 after purchasing an additional 65,100 shares during the period. Finally, Veritable L.P. acquired a new stake in Aramark during the 3rd quarter worth about $294,000.

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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