Aramark (NYSE:ARMK) Price Target Raised to $49.00 at Citigroup

Aramark (NYSE:ARMK) had its target price hoisted by Citigroup from $46.50 to $49.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 32.36% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Robert W. Baird cut their price objective on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. Morgan Stanley reduced their price objective on Aramark from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen cut Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Aramark has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Stock Performance

Shares of NYSE:ARMK traded up $0.34 on Wednesday, reaching $37.02. The company’s stock had a trading volume of 1,219,533 shares, compared to its average volume of 2,131,197. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The stock has a market capitalization of $9.73 billion, a P/E ratio of 27.42 and a beta of 1.24. The stock’s 50-day moving average is $38.45 and its two-hundred day moving average is $39.79. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Aramark had a net margin of 2.02% and a return on equity of 15.67%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Aramark’s revenue for the quarter was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. As a group, sell-side analysts forecast that Aramark will post 1.92 EPS for the current year.

Institutional Trading of Aramark

Several hedge funds have recently made changes to their positions in ARMK. Harbour Investments Inc. increased its holdings in shares of Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after acquiring an additional 815 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the 3rd quarter worth about $28,000. Quarry LP acquired a new stake in shares of Aramark in the third quarter valued at approximately $35,000. Osterweis Capital Management Inc. acquired a new stake in shares of Aramark in the second quarter valued at approximately $40,000. Finally, Parallel Advisors LLC raised its holdings in shares of Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the last quarter.

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.