Analysts at Royal Bank of Canada initiated coverage on shares of Aramark (NYSE:ARMK) in a report released on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $47.00 price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 30.77% from the stock’s current price.

Several other equities analysts have also recently weighed in on ARMK. Nomura lowered their target price on Aramark from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. ValuEngine cut Aramark from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. lowered their target price on Aramark from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Wednesday, November 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 target price on shares of Aramark in a research note on Sunday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Aramark has an average rating of “Buy” and an average target price of $47.30.

NYSE:ARMK opened at $35.94 on Monday. 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 fifty-two week low of $33.98 and a fifty-two week high of $46.09. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.23 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 for the quarter, beating 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 company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast 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 Aramark 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 completion of the sale, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $1,944,907.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings 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 purchasing an additional 2,178 shares during the last quarter. Squar Milner Financial Services LLC acquired a new stake in Aramark in the 2nd quarter worth approximately $105,000. Point72 Hong Kong Ltd acquired a new stake in Aramark in the 2nd quarter worth approximately $161,000. Captrust Financial Advisors lifted its holdings 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 purchasing an additional 3,101 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings 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 purchasing 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.

Featured Article: What are the components of an earnings report?

Analyst Recommendations for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.