Centaurus Financial Inc. Buys New Stake in Aramark $ARMK

Centaurus Financial Inc. purchased a new position in shares of Aramark (NYSE:ARMK – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 27,412 shares of the company’s stock, valued at approximately $1,560,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Aramark by 1.0% in the fourth quarter. Capital International Investors now owns 24,894,503 shares of the company’s stock worth $917,789,000 after acquiring an additional 247,594 shares during the period. BlackRock Inc. acquired a new stake in shares of Aramark during the 2nd quarter valued at about $1,411,586,000. Jupiter Topco LLC purchased a new position in shares of Aramark in the 2nd quarter valued at about $1,041,407,000. Janus Henderson Group PLC raised its holdings in Aramark by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 18,195,901 shares of the company’s stock worth $670,702,000 after purchasing an additional 128,199 shares during the period. Finally, Farallon Capital Management LLC boosted its position in Aramark by 4.0% during the fourth quarter. Farallon Capital Management LLC now owns 9,357,046 shares of the company’s stock worth $344,901,000 after purchasing an additional 360,844 shares in the last quarter.

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Aramark Price Performance

NYSE:ARMK opened at $58.88 on Friday. Aramark has a one year low of $35.07 and a one year high of $62.65. The stock has a market cap of $15.52 billion, a PE ratio of 41.17, a P/E/G ratio of 1.05 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The stock has a 50 day moving average price of $57.38 and a 200 day moving average price of $49.59.

Aramark (NYSE:ARMK – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts expect that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued 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 dividend yield of 0.8%. Aramark’s dividend payout ratio is currently 33.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARMK. Truist Financial boosted their price objective on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Oppenheimer increased their target price on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Jefferies Financial Group boosted their price target on shares of Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and an average price target of $69.14.

View Our Latest Research Report on ARMK

Aramark Company Profile

(Free Report)

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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