Pallas Capital Advisors LLC Takes Position in Aramark $ARMK

Pallas Capital Advisors LLC bought a new position in Aramark (NYSE:ARMK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,446 shares of the company’s stock, valued at approximately $594,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Henshaw Capital LLC raised its stake in Aramark by 0.3% during the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after purchasing an additional 225 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Aramark by 5.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after buying an additional 339 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Aramark by 55.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock worth $42,000 after buying an additional 410 shares during the last quarter. Procyon Advisors LLC raised its position in shares of 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 period. Finally, Cetera Investment Advisers raised its holdings in Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after buying an additional 573 shares during the period.

Aramark Stock Performance

Shares of ARMK stock opened at $59.80 on Thursday. Aramark has a 1-year low of $35.07 and a 1-year high of $62.65. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 1.06 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. The stock’s fifty day simple moving average is $56.75 and its 200-day simple moving average is $48.70.

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

Aramark Dividend Announcement

The business 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 $0.12 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark’s dividend payout ratio is presently 33.57%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Truist Financial raised 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. Stifel Nicolaus lifted their target price on Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Oppenheimer lifted their target price on Aramark from $60.00 to $65.00 and gave the company 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 issued a Hold rating to the company’s stock. According to MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and an average target price of $69.14.

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.