Jupiter Topco LLC Buys New Stake in Aramark $ARMK

Jupiter Topco LLC purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,302,356 shares of the company’s stock, valued at approximately $1,041,407,000. Jupiter Topco LLC owned about 6.94% of Aramark at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ARMK. BlackRock Inc. acquired a new stake in shares of Aramark during the second quarter worth about $1,411,586,000. AQR Capital Management LLC boosted its position in shares of Aramark by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after purchasing an additional 5,492,046 shares during the period. Milford Funds Ltd. acquired a new stake in shares of Aramark in the 4th quarter valued at about $181,204,000. Norges Bank purchased a new position in Aramark during the 4th quarter worth approximately $128,738,000. Finally, Cooke & Bieler LP acquired a new position in Aramark during the fourth quarter worth approximately $118,110,000.

Aramark Stock Down 0.4%

Shares of Aramark stock opened at $59.07 on Wednesday. Aramark has a one year low of $35.07 and a one year high of $62.65. The company has a market cap of $15.57 billion, a P/E ratio of 41.31, a PEG ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The firm has a fifty day moving average of $57.15 and a two-hundred day moving average of $49.30.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts forecast that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s payout ratio is presently 33.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ARMK shares. UBS Group increased their price objective on Aramark from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Stifel Nicolaus lifted their target price on shares of Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. New Street Research set a $70.00 price target on shares of Aramark in a research report on Thursday, August 13th. Truist Financial increased their price target on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Bank of America raised their price objective 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. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.14.

Aramark 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.