JPMorgan Chase & Co. Acquires 667,528 Shares of Aramark $ARMK

JPMorgan Chase & Co. grew its position in shares of Aramark (NYSE:ARMK) by 102.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,320,269 shares of the company’s stock after purchasing an additional 667,528 shares during the period. JPMorgan Chase & Co. owned approximately 0.50% of Aramark worth $50,700,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in Aramark during the 2nd quarter valued at about $135,218,000. Soros Fund Management LLC bought a new stake in Aramark during the 2nd quarter valued at $64,902,000. Ilex Capital Partners UK LLP purchased a new position in Aramark in the second quarter valued at about $52,142,000. Sunriver Management LLC purchased a new stake in Aramark during the second quarter valued at approximately $51,865,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Aramark by 6.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock worth $781,840,000 after purchasing an additional 1,067,132 shares in the last quarter.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several research analyst reports. Morgan Stanley set a $45.00 price objective on Aramark in a research note on Tuesday, February 10th. Citigroup boosted their price objective on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Robert W. Baird set a $50.00 target price on Aramark in a research note on Wednesday, February 11th. Finally, Bank of America started coverage on shares of Aramark in a report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.38.

Aramark Stock Performance

Shares of ARMK stock opened at $41.10 on Thursday. The stock has a market capitalization of $10.80 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. The stock’s 50-day moving average price is $38.81 and its 200 day moving average price is $38.56. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Aramark had a net margin of 1.69% and a return on equity of 16.15%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.76 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, February 18th. Aramark’s dividend payout ratio is currently 40.34%.

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.