Aramark $ARMK Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its holdings in Aramark (NYSE:ARMK) by 761.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,519,899 shares of the company’s stock after buying an additional 2,227,275 shares during the period. Goldman Sachs Group Inc.’s holdings in Aramark were worth $92,883,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management purchased a new position in Aramark in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the third quarter valued at approximately $28,000. Quarry LP purchased a new position in Aramark in the third quarter valued at approximately $35,000. Osterweis Capital Management Inc. purchased a new position in Aramark in the second quarter valued at approximately $40,000. Finally, Torren Management LLC purchased a new position in Aramark in the fourth quarter valued at approximately $43,000.

Aramark Stock Up 1.9%

Shares of NYSE:ARMK opened at $53.81 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The company has a fifty day simple moving average of $47.65 and a 200 day simple moving average of $41.98. The firm has a market cap of $14.15 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. Aramark has a 12-month low of $35.07 and a 12-month high of $54.57.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts anticipate that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Aramark’s payout ratio is 35.82%.

Analysts Set New Price Targets

Several research firms recently commented on ARMK. Robert W. Baird raised their price target on shares of Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a report on Friday, March 27th. Bank of America raised their price target on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price target on shares of Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised their price target on shares of Aramark from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

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.