J.Safra Asset Management Corp bought a new stake in Aramark (NYSE:ARMK – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,334 shares of the company’s stock, valued at approximately $702,000.
Several other large investors also recently bought and sold shares of the stock. Henshaw Capital LLC boosted its stake in shares of Aramark by 0.3% in the 1st quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock valued at $3,118,000 after buying an additional 225 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Aramark by 5.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock worth $261,000 after buying an additional 339 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Aramark by 55.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after acquiring an additional 410 shares in the last quarter. Procyon Advisors LLC raised its holdings in Aramark by 5.3% in the first quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock valued at $429,000 after acquiring an additional 532 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after acquiring an additional 573 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on ARMK shares. Jefferies Financial Group raised their price objective on shares of Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $70.00 target price on shares of Aramark in a research note on Wednesday. Citigroup raised their price target on Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $74.00 price target on shares of Aramark in a report on Wednesday. Finally, Truist Financial upped their price objective on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.07.
Aramark Trading Down 0.0%
Shares of Aramark stock opened at $62.38 on Monday. The company has a fifty day simple moving average of $56.30 and a 200-day simple moving average of $48.24. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.10 and a beta of 1.12.
Aramark (NYSE:ARMK – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm posted $0.40 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts forecast that Aramark will post 2.27 EPS for the current fiscal year.
Aramark Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is 33.57%.
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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