Aramark (NYSE:ARMK – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $57.40 and last traded at $57.3950, with a volume of 280712 shares traded. The stock had previously closed at $56.49.
Analysts Set New Price Targets
Several analysts have issued reports on ARMK shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $65.00 price target on shares of Aramark in a research report on Monday, June 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a research report on Wednesday. Truist Financial raised their target price on shares of Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus upped their price target on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley increased their price target on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.29.
Get Our Latest Stock Report on Aramark
Aramark Stock Up 0.1%
Aramark (NYSE:ARMK – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts expect that Aramark will post 2.24 EPS for the current year.
Aramark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s dividend payout ratio is 35.82%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ARMK. Goldman Sachs Group Inc. grew its stake in Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after purchasing an additional 135,224 shares during the period. Creative Planning grew its holdings in Aramark by 36.0% in the second quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares during the period. Cetera Investment Advisers increased its stake in shares of Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Aramark during the second quarter valued at approximately $640,000. Finally, Cerity Partners LLC lifted its holdings in shares of Aramark by 61.5% during the second quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock valued at $674,000 after purchasing an additional 6,127 shares during the last quarter.
About Aramark
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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