Aramark (NYSE:ARMK) Sets New 1-Year High at $34.50

Shares of Aramark (NYSE:ARMK) hit a new 52-week high during trading on Wednesday . The company traded as high as $34.50 and last traded at $34.26, with a volume of 37992 shares traded. The stock had previously closed at $34.24.

Wall Street Analyst Weigh In

ARMK has been the topic of several recent research reports. Robert W. Baird raised their price target on Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Oppenheimer boosted their price target on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, UBS Group upped their price objective on shares of Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.89.

Aramark Stock Up 0.6 %

The company has a 50-day moving average of $33.06 and a two-hundred day moving average of $31.80. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $9.06 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.59.

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

Hedge Funds Weigh In On Aramark

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Aramark by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,715 shares of the company’s stock valued at $1,861,000 after buying an additional 3,908 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Aramark by 84.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,228 shares of the company’s stock worth $246,000 after buying an additional 3,307 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of Aramark during the 2nd quarter valued at about $280,000. Neo Ivy Capital Management purchased a new position in Aramark in the second quarter valued at $3,634,000. Finally, Riverwater Partners LLC purchased a new stake in Aramark during the 2nd quarter valued at about $512,000.

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.