Sherbrooke Park Advisers LLC Purchases New Position in Aramark (NYSE:ARMK)

Sherbrooke Park Advisers LLC purchased a new stake in Aramark (NYSE:ARMK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,080 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Aramark by 244.4% in the fourth quarter. Royal Bank of Canada now owns 426,592 shares of the company’s stock worth $15,916,000 after purchasing an additional 302,734 shares in the last quarter. Point72 Europe London LLP boosted its stake in Aramark by 108.7% in the fourth quarter. Point72 Europe London LLP now owns 975,531 shares of the company’s stock worth $36,397,000 after purchasing an additional 508,061 shares in the last quarter. PointState Capital LP boosted its stake in Aramark by 135.4% in the fourth quarter. PointState Capital LP now owns 2,690,617 shares of the company’s stock worth $100,387,000 after purchasing an additional 1,547,792 shares in the last quarter. ProShare Advisors LLC boosted its stake in Aramark by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 12,325 shares of the company’s stock worth $460,000 after purchasing an additional 841 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Aramark by 2.5% in the fourth quarter. Quantinno Capital Management LP now owns 104,097 shares of the company’s stock worth $3,884,000 after purchasing an additional 2,521 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ARMK shares. Citigroup started coverage on Aramark in a research report on Monday, February 24th. They set a “buy” rating and a $48.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley boosted 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. Finally, UBS Group boosted their target price on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.33.

Aramark Trading Up 1.3%

NYSE ARMK opened at $39.75 on Tuesday. The stock has a 50-day simple moving average of $34.46 and a 200 day simple moving average of $36.93. The company has a market capitalization of $10.42 billion, a PE ratio of 31.30 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 12 month low of $29.92 and a 12 month high of $42.49.

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

Aramark Dividend Announcement

The firm also recently declared 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 dividend yield of 1.06%. Aramark’s dividend payout ratio (DPR) is currently 32.31%.

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.