Aramark (NYSE:ARMK – Get Free Report) had its price objective increased by JPMorgan Chase & Co. from $55.00 to $70.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.37% from the stock’s previous close.
Several other research analysts have also recently issued reports on ARMK. Robert W. Baird raised their target price on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $74.00 price objective on shares of Aramark in a research note on Wednesday. UBS Group boosted their target price on shares of Aramark from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Aramark in a report on Wednesday. Finally, Oppenheimer increased their price target on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.
View Our Latest Stock Report on Aramark
Aramark Stock Up 0.5%
Aramark (NYSE:ARMK – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.93% and a net margin of 1.93%.The business 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 business posted $0.40 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts expect that Aramark will post 2.27 EPS for the current fiscal year.
Institutional Trading of Aramark
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Aramark in the 2nd quarter worth $1,411,586,000. AQR Capital Management LLC boosted its holdings in shares of Aramark by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after purchasing an additional 5,492,046 shares during the last quarter. Milford Funds Ltd. purchased a new position in shares of Aramark during the fourth quarter valued at about $181,204,000. Norges Bank bought a new stake in shares of Aramark in the fourth quarter worth about $128,738,000. Finally, Cooke & Bieler LP purchased a new stake in shares of Aramark in the fourth quarter worth about $118,110,000.
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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