Citigroup Forecasts Strong Price Appreciation for Aramark (NYSE:ARMK) Stock

Aramark (NYSE:ARMK) had its target price upped by analysts at Citigroup from $46.50 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 32.56% from the company’s current price.

Several other equities analysts have also weighed in on ARMK. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Wall Street Zen cut Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley decreased their target price on Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group dropped their target price on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $44.00 price target on Aramark in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.67.

Aramark Price Performance

Shares of NYSE:ARMK opened at $36.97 on Wednesday. The company has a market cap of $9.72 billion, a P/E ratio of 27.38 and a beta of 1.24. The business has a fifty day simple moving average of $38.39 and a 200-day simple moving average of $39.75. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. Equities research analysts forecast that Aramark will post 1.92 EPS for the current year.

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Aramark by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 497,078 shares of the company’s stock worth $20,813,000 after purchasing an additional 16,180 shares during the last quarter. Voya Investment Management LLC grew its stake in Aramark by 27.3% in the first quarter. Voya Investment Management LLC now owns 116,601 shares of the company’s stock worth $4,025,000 after purchasing an additional 24,984 shares in the last quarter. Focus Partners Wealth grew its stake in Aramark by 1.1% in the first quarter. Focus Partners Wealth now owns 619,386 shares of the company’s stock worth $21,381,000 after purchasing an additional 6,702 shares in the last quarter. Leeward Investments LLC MA increased its holdings in Aramark by 19.8% in the second quarter. Leeward Investments LLC MA now owns 242,407 shares of the company’s stock valued at $10,150,000 after buying an additional 40,148 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Aramark during the second quarter valued at approximately $273,000.

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.