Aramark (NYSE:ARMK) Given Consensus Rating of “Moderate Buy” by Analysts

Aramark (NYSE:ARMK) has received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.68.

ARMK has been the subject of several research reports. The Goldman Sachs Group raised their target price on Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial raised their target price on Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised their price target on shares of Aramark from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Robert W. Baird raised their price target on shares of Aramark from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on shares of Aramark from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th.

Aramark Stock Performance

Shares of Aramark stock opened at $37.60 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The business has a 50-day moving average price of $37.57 and a two-hundred day moving average price of $34.55. The company has a market cap of $9.89 billion, a P/E ratio of 15.80 and a beta of 1.62. Aramark has a 1-year low of $25.92 and a 1-year high of $39.99.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. As a group, analysts anticipate that Aramark will post 1.55 EPS for the current year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.38 annualized dividend and a dividend yield of 1.01%. Aramark’s dividend payout ratio is currently 15.97%.

Hedge Funds Weigh In On Aramark

Several hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock worth $30,000 after purchasing an additional 605 shares during the period. Twin Tree Management LP raised its holdings in shares of Aramark by 32.0% in the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock worth $46,000 after purchasing an additional 345 shares during the period. Friedenthal Financial bought a new stake in shares of Aramark in the 3rd quarter worth approximately $52,000. GAMMA Investing LLC raised its holdings in shares of Aramark by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock worth $57,000 after purchasing an additional 1,277 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Aramark by 44,750.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,794 shares of the company’s stock worth $61,000 after purchasing an additional 1,790 shares during the period.

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.