Jefferies Financial Group Inc. acquired a new position in shares of Aramark (NYSE:ARMK – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 57,688 shares of the company’s stock, valued at approximately $3,282,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ARMK. Activest Wealth Management purchased a new position in Aramark during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aramark during the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new position in Aramark in the first quarter worth approximately $32,000. Kestra Advisory Services LLC purchased a new position in Aramark in the fourth quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC increased its stake in Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 597 shares during the last quarter.
Wall Street Analyst Weigh In
ARMK has been the subject of a number of research analyst reports. Bank of America increased their price target on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Robert W. Baird boosted their price target on shares of Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Morgan Stanley set a $63.00 price objective on shares of Aramark in a research report on Tuesday, August 11th. Finally, Oppenheimer boosted 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. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.14.
Aramark Stock Down 1.4%
Shares of NYSE:ARMK opened at $58.06 on Friday. The firm has a market capitalization of $15.31 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The firm’s 50-day moving average is $57.48 and its two-hundred day moving average is $49.65.
Aramark (NYSE:ARMK – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts predict that Aramark will post 2.27 EPS for the current year.
Aramark Announces Dividend
The firm also recently declared 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 is Wednesday, August 19th. This represents a $0.48 annualized dividend 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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