Aramark (ARMK) – What Are Investment Firms Saying About This Stock?

Aramark (NYSE:ARMK – Get Free Report) has received an average rating of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $69.25.

ARMK has been the topic of several analyst reports. New Street Research set a $70.00 target price on shares of Aramark in a report on Thursday, August 13th. Jefferies Financial Group lifted their price target on shares of Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and issued a $70.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Robert W. Baird upped their price objective on shares of Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th.

Get Our Latest Report on ARMK

Aramark Trading Up 2.1%

Shares of NYSE:ARMK opened at $55.53 on Wednesday. The business’s fifty day moving average price is $56.41 and its two-hundred day moving average price is $49.78. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65.

Aramark (NYSE:ARMK – Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’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 EPS for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%.

Hedge Funds Weigh In On Aramark

A number of institutional investors and hedge funds have recently bought and sold shares of ARMK. Hanseatic Management Services Inc. bought a new position in Aramark in the third quarter valued at approximately $568,000. North Dakota State Investment Board grew its holdings in Aramark by 3.4% during the 3rd quarter. North Dakota State Investment Board now owns 8,022 shares of the company’s stock worth $430,000 after acquiring an additional 262 shares during the period. VestGen Advisors LLC acquired a new stake in Aramark during the 3rd quarter worth $203,000. Signaturefd LLC grew its holdings in Aramark by 61.2% during the 3rd quarter. Signaturefd LLC now owns 2,784 shares of the company’s stock worth $149,000 after acquiring an additional 1,057 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in shares of Aramark by 160.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,025 shares of the company’s stock valued at $805,000 after acquiring an additional 9,262 shares during the last quarter.

About Aramark

(Get Free Report)

Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.

Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.

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Analyst Recommendations for Aramark (NYSE:ARMK)

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