Analysts Set Aramark (NYSE:ARMK) PT at $69.14

Shares of Aramark (NYSE:ARMKGet Free Report) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $69.1429.

Several brokerages have recently issued reports on ARMK. Morgan Stanley set a $63.00 price objective on Aramark in a research report on Tuesday, August 11th. Citigroup boosted their target price on shares of Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. UBS Group upped their target price on shares of Aramark from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price objective on shares of Aramark in a research report on Wednesday, August 12th.

Read Our Latest Stock Analysis on Aramark

Institutional Investors Weigh In On Aramark

Several hedge funds have recently made changes to their positions in ARMK. BlackRock Inc. acquired a new position in shares of Aramark during the 2nd quarter valued at about $1,411,586,000. Jupiter Topco LLC purchased a new position in Aramark during the second quarter worth approximately $1,041,407,000. California State Teachers Retirement System boosted its holdings in shares of Aramark by 5,568.3% in the 2nd quarter. California State Teachers Retirement System now owns 17,315,296 shares of the company’s stock valued at $985,240,000 after purchasing an additional 17,009,819 shares during the last quarter. AQR Capital Management LLC grew its position in Aramark by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after acquiring an additional 5,492,046 shares during the period. Finally, Milford Funds Ltd. purchased a new position in shares of Aramark in the 4th quarter worth about $181,204,000.

Aramark Stock Up 0.8%

Aramark stock opened at $57.19 on Tuesday. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The stock’s fifty day moving average is $57.69 and its two-hundred day moving average is $50.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28.

Aramark (NYSE:ARMKGet Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. 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 fiscal 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 issued a $0.12 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s payout ratio is 33.57%.

Aramark Company Profile

(Get 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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Analyst Recommendations for Aramark (NYSE:ARMK)

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