Aramark (NYSE:ARMK) PT Raised to $41.00

Aramark (NYSE:ARMK) had its price target lifted by JPMorgan Chase & Co. from $39.00 to $41.00 in a research note published on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on ARMK. UBS Group raised their price target on shares of Aramark from $35.00 to $40.00 and gave the company a buy rating in a report on Friday, June 21st. Truist Financial downgraded shares of Aramark from a strong-buy rating to a hold rating in a research report on Wednesday, August 7th. Oppenheimer increased their price target on Aramark from $36.00 to $39.00 and gave the company an outperform rating in a report on Wednesday, June 12th. Royal Bank of Canada lifted their price objective on Aramark from $33.00 to $36.00 and gave the stock a sector perform rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised Aramark from a hold rating to a buy rating and increased their target price for the company from $36.00 to $39.00 in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Aramark has an average rating of Moderate Buy and a consensus price target of $36.54.

Aramark Stock Up 0.5 %

Shares of Aramark stock opened at $37.99 on Monday. The company has a 50-day simple moving average of $34.58 and a two-hundred day simple moving average of $33.03. Aramark has a 52-week low of $23.95 and a 52-week high of $38.11. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a market capitalization of $9.99 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.62.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. On average, analysts anticipate that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.095 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.00%. Aramark’s dividend payout ratio (DPR) is presently 15.97%.

Institutional Investors Weigh In On Aramark

A number of institutional investors and hedge funds have recently bought and sold shares of ARMK. Vanguard Group Inc. boosted its stake 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 worth $718,917,000 after acquiring an additional 139,693 shares during the period. Capital International Investors boosted its stake in Aramark by 0.4% in the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock worth $771,141,000 after purchasing an additional 98,506 shares during the period. Farallon Capital Management LLC grew its holdings in Aramark by 5.5% during the 1st 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 in the last quarter. Janus Henderson Group PLC grew its holdings in Aramark by 5.4% during the 1st 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Aramark by 27.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,983,507 shares of the company’s stock valued at $140,037,000 after buying an additional 1,081,358 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.