Parallax Volatility Advisers L.P. Takes $489,000 Position in Aramark $ARMK

Parallax Volatility Advisers L.P. purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,600 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds have also added to or reduced their stakes in ARMK. Activest Wealth Management bought a new stake in shares of Aramark during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aramark in the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new position in Aramark during the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC acquired a new stake in Aramark during the 4th quarter worth about $32,000. Finally, Elevation Wealth Partners LLC increased its holdings in Aramark by 2,842.9% in the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after purchasing an additional 597 shares in the last quarter.

Wall Street Analysts Forecast Growth

ARMK has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Truist Financial boosted their price objective on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. Weiss Ratings lowered Aramark from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus upped their price target on Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Aramark Price Performance

Shares of ARMK stock opened at $59.55 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm has a market cap of $15.70 billion, a P/E ratio of 41.64, a P/E/G ratio of 1.04 and a beta of 1.12. The business’s 50 day moving average price is $57.27 and its 200-day moving average price is $49.44.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share 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 quarter in the previous year, the firm posted $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts anticipate that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

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

Aramark 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.