Zacks Research upgraded shares of Aramark (NYSE:ARMK – Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks reports.
Several other equities analysts have also recently commented on ARMK. Royal Bank Of Canada boosted their price objective on shares of Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. New Street Research set a $70.00 price target on shares of Aramark in a research report on Thursday, August 13th. Oppenheimer lifted their price objective on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. The Goldman Sachs Group restated a “buy” rating and set a $70.00 target price on shares of Aramark in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.
Check Out Our Latest Stock Report on ARMK
Aramark Stock Performance
Aramark (NYSE:ARMK – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’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. Sell-side analysts predict that Aramark will post 2.27 earnings per share for the current year.
Aramark Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Aramark’s payout ratio is currently 33.57%.
Institutional Investors Weigh In On Aramark
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Aramark during the 2nd quarter valued at about $1,411,586,000. Jupiter Topco LLC bought a new position in shares of Aramark during the 2nd quarter valued at $1,041,407,000. Janus Henderson Group PLC grew its holdings in shares of Aramark by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 18,195,901 shares of the company’s stock valued at $670,702,000 after purchasing an additional 128,199 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Aramark by 13.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company’s stock worth $290,962,000 after purchasing an additional 868,900 shares during the period. Finally, Milford Funds Ltd. bought a new stake in Aramark in the fourth quarter worth $181,204,000.
Aramark Company Profile
Aramark (NYSE: ARMK) is a provider of food services and facilities management. The company serves businesses, universities, schools, hospitals, sports and entertainment venues, correctional facilities, and other organizations through on-site dining, catering, concessions, refreshment services, and related hospitality offerings.
Its facilities services include custodial services, building operations and maintenance, workplace support, and other services designed to help clients manage their physical environments.
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