83,274 Shares in Aramark $ARMK Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of Aramark (NYSE:ARMK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,274 shares of the company’s stock, valued at approximately $3,198,000.

A number of other institutional investors have also made changes to their positions in ARMK. Osterweis Capital Management Inc. acquired a new position in shares of Aramark during the 2nd quarter worth about $40,000. Hantz Financial Services Inc. increased its position in Aramark by 1,323.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock worth $54,000 after buying an additional 1,204 shares during the period. Rothschild Investment LLC lifted its holdings in shares of Aramark by 3,892.3% during the third quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock worth $60,000 after buying an additional 1,518 shares during the last quarter. Bayforest Capital Ltd boosted its position in shares of Aramark by 75.1% in the third quarter. Bayforest Capital Ltd now owns 2,124 shares of the company’s stock valued at $82,000 after acquiring an additional 911 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Aramark by 56.6% in the second quarter. Bessemer Group Inc. now owns 2,209 shares of the company’s stock valued at $92,000 after acquiring an additional 798 shares during the period.

Aramark Price Performance

Shares of Aramark stock opened at $40.14 on Thursday. The firm has a market cap of $10.55 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. The firm’s 50-day simple moving average is $38.49 and its 200-day simple moving average is $38.53. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. Aramark had a net margin of 1.69% and a return on equity of 16.15%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.48 annualized dividend and a yield of 1.2%. Aramark’s payout ratio is currently 40.34%.

Analysts Set New Price Targets

Several equities analysts recently commented on ARMK shares. Bank of America began coverage on shares of Aramark in a research note on Tuesday. They set a “buy” rating and a $50.00 target price for the company. Citigroup upped their price objective on shares of Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Stifel Nicolaus increased their target price on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Truist Financial boosted their price target on Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group set a $47.00 price target on Aramark and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.38.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.