Bridgefront Capital LLC Acquires 25,738 Shares of Aramark $ARMK

Bridgefront Capital LLC grew its holdings in shares of Aramark (NYSE:ARMK) by 250.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,006 shares of the company’s stock after purchasing an additional 25,738 shares during the period. Bridgefront Capital LLC’s holdings in Aramark were worth $1,383,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System increased its stake in Aramark by 7.9% during the 3rd quarter. California Public Employees Retirement System now owns 502,160 shares of the company’s stock worth $19,283,000 after acquiring an additional 36,937 shares during the period. Bank of America Corp DE lifted its position in shares of Aramark by 76.0% during the 3rd quarter. Bank of America Corp DE now owns 2,487,816 shares of the company’s stock valued at $95,532,000 after acquiring an additional 1,074,609 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Aramark during the 3rd quarter worth $502,000. Aquatic Capital Management LLC raised its stake in Aramark by 848.1% in the third quarter. Aquatic Capital Management LLC now owns 152,258 shares of the company’s stock valued at $5,847,000 after purchasing an additional 136,198 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Aramark by 15.9% during the third quarter. Ameriprise Financial Inc. now owns 321,237 shares of the company’s stock worth $12,336,000 after purchasing an additional 44,134 shares during the period.

Aramark Price Performance

ARMK stock opened at $40.00 on Friday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. The company has a 50 day simple moving average of $39.57 and a 200 day simple moving average of $38.64. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $4.83 billion for 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% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Aramark’s dividend payout ratio (DPR) is 40.34%.

Analysts Set New Price Targets

Several research firms have commented on ARMK. Stifel Nicolaus raised their target price on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Truist Financial lifted their price objective on shares of Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Bank of America initiated coverage on shares of Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price objective for the company. Finally, UBS Group set a $47.00 target price on Aramark and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.38.

Aramark Company Profile

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.