Man Group plc Purchases New Position in Aramark $ARMK

Man Group plc purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 179,219 shares of the company’s stock, valued at approximately $10,198,000.

Other hedge funds have also bought and sold shares of the company. Jupiter Topco LLC purchased a new stake in shares of Aramark during the 2nd quarter worth about $1,041,407,000. Hsbc Holdings PLC purchased a new position in shares of Aramark in the 2nd quarter valued at about $10,575,000. EFG International AG acquired a new position in Aramark in the 2nd quarter worth about $887,000. Palisade Capital Management LP acquired a new position in Aramark in the 2nd quarter worth about $3,513,000. Finally, Legal & General Group Plc purchased a new position in shares of Aramark during the 2nd quarter valued at approximately $21,538,000.

Analysts Set New Price Targets

ARMK has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Citigroup boosted their target price on shares of Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Truist Financial raised their price target on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Oppenheimer boosted their price objective on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Aramark Stock Down 1.4%

Shares of NYSE:ARMK opened at $58.06 on Friday. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65. The stock has a market cap of $15.31 billion, a P/E ratio of 40.60, a PEG ratio of 1.03 and a beta of 1.12. The business has a fifty day moving average of $57.48 and a two-hundred day moving average of $49.65. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80.

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

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s dividend payout ratio (DPR) is currently 33.57%.

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.