Aramark $ARMK Shares Sold by Inceptionr LLC

Inceptionr LLC reduced its position in shares of Aramark (NYSE:ARMK) by 32.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,435 shares of the company’s stock after selling 13,833 shares during the period. Inceptionr LLC’s holdings in Aramark were worth $1,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ARMK. Harbour Investments Inc. lifted its stake in shares of Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock valued at $28,000 after buying an additional 815 shares during the period. Parallel Advisors LLC lifted its stake in shares of Aramark by 160.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Aramark by 241.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after purchasing an additional 789 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Aramark in the second quarter valued at $51,000. Finally, Hantz Financial Services Inc. increased its stake in Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. Morgan Stanley decreased their target price on shares of Aramark from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 18th. UBS Group dropped their price target on shares of Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Robert W. Baird dropped their price objective on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Aramark currently has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Trading Down 1.6%

Shares of ARMK stock opened at $37.34 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The firm’s 50 day moving average price is $38.38 and its two-hundred day moving average price is $39.78. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 27.66 and a beta of 1.24.

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

Aramark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.12 per share. This is a boost from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 5th. Aramark’s payout ratio is presently 39.34%.

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.