Thrivent Financial for Lutherans grew its holdings in shares of Aramark (NYSE:ARMK – Free Report) by 27.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,251 shares of the company’s stock after purchasing an additional 18,296 shares during the period. Thrivent Financial for Lutherans’ holdings in Aramark were worth $3,142,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Pinnacle Associates Ltd. acquired a new position in shares of Aramark during the 4th quarter worth approximately $237,000. Allworth Financial LP lifted its holdings in shares of Aramark by 346.5% during the 4th quarter. Allworth Financial LP now owns 6,697 shares of the company’s stock worth $247,000 after acquiring an additional 5,197 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Aramark during the 4th quarter worth approximately $321,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Aramark during the 4th quarter worth approximately $237,000. Finally, Horizon Investments LLC bought a new stake in Aramark during the fourth quarter worth $95,000.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ARMK shares. Robert W. Baird upped their target price on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley upped their target price on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Citigroup restated a “buy” rating on shares of Aramark in a research note on Monday, May 18th. Oppenheimer upped their target price on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Finally, Stifel Nicolaus upped their target price on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.25.
Aramark Price Performance
Shares of NYSE:ARMK opened at $51.27 on Friday. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 1.06 and a beta of 1.08. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $44.50 and a 200 day simple moving average of $40.64. Aramark has a one year low of $35.07 and a one year high of $53.56.
Aramark (NYSE:ARMK – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts predict that Aramark will post 2.24 earnings per share for the current fiscal year.
Aramark Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Aramark’s dividend payout ratio (DPR) is presently 35.82%.
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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