Aramark (NYSE:ARMK) Price Target Raised to $70.00

Aramark (NYSE:ARMK) had its price target upped by Stifel Nicolaus from $54.00 to $70.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial upped their price objective on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Citigroup boosted their target price on shares of Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a report on Monday, June 22nd. Bank of America upped their price target on shares of Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 price target on shares of Aramark in a research note on Wednesday. Finally, Oppenheimer lifted their price objective on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.07.

Aramark Price Performance

Shares of NYSE ARMK opened at $62.38 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.07. The business has a 50-day moving average of $56.30 and a 200-day moving average of $48.17. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.08 and a beta of 1.12. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Aramark’s revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts predict that Aramark will post 2.26 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s dividend payout ratio is currently 33.57%.

Institutional Investors Weigh In On Aramark

A number of institutional investors have recently made changes to their positions in ARMK. Activest Wealth Management acquired a new position in shares of Aramark in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark during the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in Aramark in the 1st quarter valued at $32,000. Kestra Advisory Services LLC bought a new stake in Aramark in the 4th quarter valued at $32,000. Finally, Elevation Wealth Partners LLC grew its holdings in Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after buying an additional 597 shares in the last quarter.

Aramark Company Profile

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.