Brokerages Set Aramark (NYSE:ARMK) PT at $58.29

Shares of Aramark (NYSE:ARMK) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $59.2083.

Several equities research analysts have weighed in on the stock. Citigroup raised their target price on shares of Aramark from $63.00 to $70.50 and gave the company a “buy” rating in a research note on Monday, June 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $65.00 price objective on shares of Aramark in a research report on Monday, June 29th. Finally, Morgan Stanley upped their target price on Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th.

Aramark Price Performance

Shares of ARMK stock opened at $56.67 on Monday. Aramark has a 1-year low of $35.07 and a 1-year high of $58.68. The stock’s 50-day moving average is $54.07 and its 200 day moving average is $45.54. The company has a market cap of $14.90 billion, a P/E ratio of 42.29, a PEG ratio of 1.08 and a beta of 1.11. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07.

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

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is presently 35.82%.

Hedge Funds Weigh In On Aramark

Several hedge funds and other institutional investors have recently modified their holdings of ARMK. AQR Capital Management LLC raised its stake in Aramark by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after acquiring an additional 5,492,046 shares during the last quarter. Milford Funds Ltd. purchased a new stake in Aramark during the 4th quarter valued at about $181,204,000. Norges Bank purchased a new stake in Aramark during the 4th quarter valued at about $128,738,000. Junto Capital Management LP acquired a new position in shares of Aramark in the third quarter valued at about $132,157,000. Finally, Cooke & Bieler LP purchased a new position in shares of Aramark in the fourth quarter worth about $118,110,000.

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.