Aramark (NYSE:ARMK) Stock Position Lifted by Point72 Europe London LLP

Point72 Europe London LLP increased its holdings in Aramark (NYSE:ARMK) by 108.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 975,531 shares of the company’s stock after buying an additional 508,061 shares during the period. Aramark comprises approximately 2.1% of Point72 Europe London LLP’s holdings, making the stock its 11th biggest position. Point72 Europe London LLP owned 0.37% of Aramark worth $36,397,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ARMK. Oregon Public Employees Retirement Fund increased its stake in shares of Aramark by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company’s stock valued at $2,002,000 after acquiring an additional 276 shares during the period. Jones Financial Companies Lllp lifted its stake in Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after acquiring an additional 310 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock worth $29,000 after purchasing an additional 371 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Aramark by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 8,012 shares of the company’s stock valued at $299,000 after buying an additional 391 shares during the period. Finally, Mariner LLC grew its stake in Aramark by 3.0% in the fourth quarter. Mariner LLC now owns 15,029 shares of the company’s stock valued at $561,000 after purchasing an additional 444 shares in the last quarter.

Aramark Stock Down 1.0%

ARMK opened at $38.92 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock’s fifty day simple moving average is $34.15 and its 200 day simple moving average is $36.91. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49. The stock has a market cap of $10.20 billion, a PE ratio of 30.65 and a beta of 1.20.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.35 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, research analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.08%. Aramark’s dividend payout ratio is presently 32.31%.

Wall Street Analysts Forecast Growth

ARMK has been the topic of several analyst reports. UBS Group increased their target price on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Aramark in a research note on Wednesday. Citigroup initiated coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley upped their target price on Aramark from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.33.

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.