Aramark (NYSE:ARMK) Price Target Raised to $50.00

Aramark (NYSE:ARMK) had its price target increased by Oppenheimer from $43.00 to $50.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Morgan Stanley set a $45.00 price target on shares of Aramark in a research note on Tuesday, February 10th. Robert W. Baird set a $50.00 price objective on shares of Aramark in a research report on Wednesday, February 11th. Stifel Nicolaus raised their target price on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Truist Financial boosted their price target on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.56.

Aramark Price Performance

ARMK stock opened at $39.81 on Wednesday. The firm has a market cap of $10.46 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The stock has a 50-day simple moving average of $39.87 and a 200-day simple moving average of $38.73.

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

Aramark Dividend Announcement

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

Institutional Trading of Aramark

Several hedge funds and other institutional investors have recently bought and sold shares of ARMK. Steph & Co. lifted its holdings in Aramark by 10.0% during the 3rd quarter. Steph & Co. now owns 3,352 shares of the company’s stock worth $129,000 after buying an additional 306 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Aramark by 55.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after acquiring an additional 410 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Aramark by 6.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,069 shares of the company’s stock valued at $271,000 after acquiring an additional 450 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after acquiring an additional 573 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in Aramark by 11.1% during the third quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock worth $225,000 after purchasing an additional 585 shares during the last quarter.

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.