Jupiter Topco LLC Makes New Investment in Aramark $ARMK

Jupiter Topco LLC purchased a new position in shares of Aramark (NYSE:ARMK) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 18,302,356 shares of the company’s stock, valued at approximately $1,041,407,000. Jupiter Topco LLC owned 0.07% of Aramark as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARMK. Activest Wealth Management purchased a new stake in Aramark during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the third quarter valued at about $28,000. Cedar Mountain Advisors LLC purchased a new position in Aramark in the first quarter valued at about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark during the 4th quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after acquiring an additional 597 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARMK. Morgan Stanley set a $63.00 price objective on Aramark in a research note on Tuesday, August 11th. Truist Financial boosted their target price on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research 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. Bank of America raised their target price on shares of Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus boosted their price target on Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.14.

Aramark Trading Down 0.4%

Shares of ARMK opened at $59.07 on Wednesday. The stock has a market cap of $15.57 billion, a PE ratio of 41.31, a P/E/G ratio of 1.04 and a beta of 1.12. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The stock’s 50-day moving average is $57.15 and its two-hundred day moving average is $49.30. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14.

Aramark (NYSE:ARMK) last issued 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. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. Aramark’s revenue for the quarter was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Aramark’s dividend payout ratio is currently 33.57%.

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.