Pallas Capital Advisors LLC Invests $594,000 in Aramark $ARMK

Pallas Capital Advisors LLC purchased a new stake in Aramark (NYSE:ARMK) in the 2nd quarter, HoldingsChannel reports. The firm purchased 10,446 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after purchasing an additional 135,224 shares in the last quarter. Creative Planning lifted its position in shares of Aramark by 36.0% in the second quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after buying an additional 2,625 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after acquiring an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aramark during the 2nd quarter valued at about $640,000. Finally, Cerity Partners LLC raised its stake in shares of Aramark by 61.5% in the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock valued at $674,000 after acquiring an additional 6,127 shares in the last quarter.

Aramark Trading Down 1.2%

Shares of Aramark stock opened at $59.80 on Thursday. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The stock has a market capitalization of $15.77 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. The company has a 50-day simple moving average of $56.75 and a 200 day simple moving average of $48.70. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts expect that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is currently 33.57%.

Analyst Ratings Changes

Several brokerages have commented on ARMK. UBS Group increased their price target on Aramark from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Robert W. Baird boosted their target price on shares of Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus upped their price target on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

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.