StockNews.com cut shares of Aramark (NYSE:ARMK – Free Report) from a hold rating to a sell rating in a research report released on Tuesday.
A number of other brokerages also recently commented on ARMK. Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a hold rating to a buy rating and boosted their target price for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. Truist Financial increased their target price on shares of Aramark from $37.00 to $42.00 and gave the company a buy rating in a research report on Thursday, September 12th. Bank of America lifted their price target on shares of Aramark from $36.00 to $39.00 and gave the stock a buy rating in a report on Wednesday, August 7th. UBS Group increased their price objective on Aramark from $40.00 to $44.00 and gave the company a buy rating in a report on Tuesday. Finally, Robert W. Baird boosted their target price on Aramark from $37.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aramark has an average rating of Moderate Buy and an average target price of $38.95.
Get Our Latest Stock Analysis on ARMK
Aramark Trading Down 1.4 %
Aramark (NYSE:ARMK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. Aramark’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. Equities analysts forecast that Aramark will post 1.56 EPS for the current fiscal year.
Aramark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.095 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.38 dividend on an annualized basis and a yield of 1.01%. Aramark’s dividend payout ratio is currently 15.97%.
Hedge Funds Weigh In On Aramark
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Aramark by 0.5% during the 4th 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 holdings in 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 acquiring an additional 98,506 shares during the period. Farallon Capital Management LLC boosted its position in Aramark by 5.5% in the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock worth $579,602,000 after purchasing an additional 923,683 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Aramark by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock worth $435,501,000 after purchasing an additional 681,735 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Aramark by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares in 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.
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