Aramark (NYSE:ARMK) Price Target Raised to $58.00 at Robert W. Baird

Aramark (NYSE:ARMK) had its target price lifted by Robert W. Baird from $50.00 to $58.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

ARMK has been the topic of a number of other research reports. Bank of America initiated coverage on Aramark in a research note on Tuesday, February 17th. They issued a “buy” rating and a $50.00 target price on the stock. Morgan Stanley set a $45.00 price target on Aramark in a report on Tuesday, February 10th. Oppenheimer raised their price objective on shares of Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a report on Friday, March 27th. Finally, Stifel Nicolaus boosted their target price on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.36.

Aramark Stock Up 4.9%

NYSE:ARMK opened at $50.77 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.13. The company’s fifty day moving average price is $42.87 and its 200-day moving average price is $40.01. Aramark has a 1-year low of $35.07 and a 1-year high of $51.17. The firm has a market capitalization of $13.35 billion, a P/E ratio of 37.89, a PEG ratio of 1.18 and a beta of 1.08.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts anticipate that Aramark will post 2.22 EPS for the current year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s dividend payout ratio is presently 40.34%.

Institutional Investors Weigh In On Aramark

A number of institutional investors have recently added to or reduced their stakes in ARMK. Fifth Third Wealth Advisors LLC increased its stake in shares of Aramark by 5.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock worth $261,000 after purchasing an additional 339 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Aramark by 55.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after buying an additional 410 shares in the last quarter. Procyon Advisors LLC boosted its holdings in Aramark by 5.3% in the 1st quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock worth $429,000 after buying an additional 532 shares during the last quarter. Cetera Investment Advisers increased its stake in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after buying an additional 573 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Aramark by 11.1% during the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock worth $225,000 after buying an additional 585 shares in the last quarter.

Aramark News Summary

Here are the key news stories impacting Aramark this week:

• Positive Sentiment: JPMorgan raised its price target on Aramark to $55 from $49 and kept an overweight rating, signaling continued confidence in the company’s growth and valuation. JPMorgan price target raise
• Positive Sentiment: Truist lifted its target to $58 from $50 and reiterated a buy rating, implying further upside from recent levels. Truist price target raise
• Positive Sentiment: Stifel increased its target to $54 from $47 and maintained a buy rating after Aramark’s earnings beat. Stifel price target raise
• Positive Sentiment: Robert W. Baird also raised its target to $58 from $50 and kept an outperform rating, adding to the cluster of bullish analyst updates. Baird price target raise
• Neutral Sentiment: Recent coverage highlighted Aramark’s move into the hyperscale AI data center market, which may be seen as a longer-term growth opportunity but is not yet a near-term earnings driver. Aramark forays into AI

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.