Parallax Volatility Advisers L.P. Makes New Investment in Aramark $ARMK

Parallax Volatility Advisers L.P. acquired a new position in shares of Aramark (NYSE:ARMK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,600 shares of the company’s stock, valued at approximately $489,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Elevation Wealth Partners LLC grew its holdings in shares of Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after acquiring an additional 597 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Aramark during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aramark in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in Aramark in the first quarter worth approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Aramark in the second quarter worth approximately $46,000.

Aramark Stock Performance

ARMK stock opened at $59.55 on Thursday. The company has a 50 day moving average price of $57.27 and a 200 day moving average price of $49.44. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The stock has a market capitalization of $15.70 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12.

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

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARMK. New Street Research set a $70.00 price target on Aramark in a research note on Thursday, August 13th. 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 research report on Wednesday, August 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $74.00 price objective on shares of Aramark in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.