Bank of America Issues Positive Forecast for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its price objective increased by equities researchers at Bank of America from $54.00 to $59.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 13.09% from the company’s current price.

A number of other analysts have also recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $51.00 price objective on shares of Aramark in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Citigroup reissued a “buy” rating on shares of Aramark in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Oppenheimer raised their price objective on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.25.

Aramark Stock Down 1.5%

NYSE ARMK traded down $0.77 during midday trading on Tuesday, hitting $52.17. 1,236,918 shares of the company traded hands, compared to its average volume of 3,017,760. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The company has a market cap of $13.72 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company’s 50-day simple moving average is $43.58 and its 200-day simple moving average is $40.29. Aramark has a 52 week low of $35.07 and a 52 week high of $53.56.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Institutional Investors Weigh In On Aramark

Hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of Aramark in the 1st quarter valued at about $1,063,000. Bull Harbor Capital LLC acquired a new position in shares of Aramark in the 1st quarter valued at about $678,000. Strategic Investment Advisors MI acquired a new position in shares of Aramark in the 1st quarter valued at about $300,000. South Dakota Investment Council lifted its holdings in shares of Aramark by 178.2% in the 1st quarter. South Dakota Investment Council now owns 174,855 shares of the company’s stock valued at $7,089,000 after buying an additional 112,005 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Aramark by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 305,477 shares of the company’s stock valued at $12,384,000 after buying an additional 58,207 shares during the period.

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.