Aramark (NYSE:ARMK) Receives $37.36 Consensus Price Target from Brokerages

Shares of Aramark (NYSE:ARMK) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $37.36.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Aramark from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Saturday, September 21st. UBS Group lifted their target price on Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Royal Bank of Canada raised Aramark from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $36.00 to $42.50 in a report on Tuesday, September 17th. Finally, Robert W. Baird raised their price target on Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th.

Institutional Trading of Aramark

Several hedge funds have recently added to or reduced their stakes in ARMK. Vanguard Group Inc. increased its position in shares of Aramark by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after purchasing an additional 139,693 shares during the period. Capital International Investors increased its position in shares of Aramark by 0.4% during the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after purchasing an additional 98,506 shares during the period. Farallon Capital Management LLC increased its position in shares of Aramark by 5.5% during the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after purchasing an additional 923,683 shares during the period. Janus Henderson Group PLC increased its position in shares of Aramark by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after purchasing an additional 681,735 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Aramark by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares during the period.

Aramark Price Performance

Shares of NYSE ARMK opened at $37.94 on Tuesday. The firm has a market cap of $9.98 billion, a PE ratio of 15.94 and a beta of 1.62. The business has a 50 day moving average price of $36.27 and a two-hundred day moving average price of $33.81. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.71. Aramark has a fifty-two week low of $24.13 and a fifty-two week high of $38.99.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Sell-side analysts expect that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, August 19th. Aramark’s payout ratio is currently 15.97%.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.