Aramark (NYSE:ARMK) Sets New 52-Week High – Here’s What Happened

Aramark (NYSE:ARMK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $53.66 and last traded at $53.5730, with a volume of 1272815 shares. The stock had previously closed at $52.28.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Oppenheimer boosted their price target on Aramark from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Robert W. Baird boosted their target price on shares of Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $54.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Finally, UBS Group increased their price objective on shares of Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.25.

Aramark Stock Performance

The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 1.06 and a beta of 1.08. The company’s fifty day simple moving average is $44.97 and its two-hundred day simple moving average is $40.86. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s payout ratio is currently 35.82%.

Institutional Investors Weigh In On Aramark

A number of hedge funds have recently modified their holdings of ARMK. Activest Wealth Management bought a new position in Aramark during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aramark during the 3rd quarter valued at $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark during the 1st quarter worth $32,000. Kestra Advisory Services LLC purchased a new stake in Aramark in the 4th quarter worth about $32,000. Finally, Quarry LP bought a new stake in Aramark in the 3rd quarter valued at about $35,000.

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.