Aramark (NYSE:ARMK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aramark (NYSE:ARMK) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.89.

Several equities research analysts have issued reports on the company. UBS Group increased their price target on Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Oppenheimer increased their price objective on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Truist Financial increased their price objective on Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird increased their price objective on Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th.

Aramark Trading Up 0.1 %

NYSE:ARMK opened at $33.67 on Friday. Aramark has a 1-year low of $23.95 and a 1-year high of $34.25. The business’s 50-day moving average price is $32.62 and its two-hundred day moving average price is $30.89. The company has a current ratio of 1.25, a quick ratio of 1.11 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.36 and a beta of 1.56.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.25 billion. On average, equities analysts expect that Aramark will post 1.57 earnings per share for the current year.

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.13%. Aramark’s payout ratio is 15.97%.

Institutional Trading of Aramark

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Aramark by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after buying an additional 139,693 shares during the last quarter. Capital International Investors lifted its position in shares of Aramark by 0.4% in the first quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after buying an additional 98,506 shares during the last quarter. Farallon Capital Management LLC lifted its position in shares of Aramark by 5.5% in the first quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after buying an additional 923,683 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Aramark by 5.4% in the first quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after buying an additional 681,735 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Aramark by 1.5% in the third quarter. Morgan Stanley now owns 12,758,467 shares of the company’s stock valued at $442,719,000 after buying an additional 186,969 shares during the last quarter.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.