GAMMA Investing LLC grew its stake in Aramark (NYSE:ARMK – Free Report) by 196.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,099 shares of the company’s stock after buying an additional 15,296 shares during the quarter. GAMMA Investing LLC’s holdings in Aramark were worth $1,314,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in Aramark in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark during the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new position in Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new position in shares of Aramark in the fourth quarter worth approximately $32,000. Finally, Quarry LP bought a new position in shares of Aramark in the third quarter worth approximately $35,000.
Aramark Stock Performance
Shares of NYSE ARMK opened at $56.04 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The company has a market cap of $14.74 billion, a P/E ratio of 41.82, a P/E/G ratio of 1.07 and a beta of 1.12. The firm’s fifty day moving average is $55.68 and its two-hundred day moving average is $47.44. Aramark has a 52-week low of $35.07 and a 52-week high of $58.68.
Aramark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s payout ratio is presently 35.82%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ARMK shares. Oppenheimer raised their price objective on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Royal Bank Of Canada increased their price target on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and issued a $67.00 price objective on shares of Aramark in a research report on Monday, July 13th. Truist Financial increased their target price on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.62.
Read Our Latest Report on Aramark
Aramark 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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