SummitTX Capital L.P. Has $583,000 Holdings in Aramark $ARMK

SummitTX Capital L.P. trimmed its holdings in shares of Aramark (NYSE:ARMK) by 68.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,386 shares of the company’s stock after selling 30,841 shares during the period. SummitTX Capital L.P.’s holdings in Aramark were worth $583,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ARMK. Activest Wealth Management acquired a new position in shares of Aramark during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark during the third quarter worth $28,000. Cedar Mountain Advisors LLC acquired a new stake in Aramark in the first quarter worth $32,000. Kestra Advisory Services LLC bought a new stake in Aramark in the fourth quarter valued at $32,000. Finally, Quarry LP bought a new stake in Aramark in the third quarter valued at $35,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Oppenheimer boosted their target price on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Wednesday, July 8th. UBS Group reiterated a “buy” rating and issued a $67.00 price target on shares of Aramark in a report on Monday, July 13th. Finally, Royal Bank Of Canada raised their price objective on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $60.62.

Aramark Stock Performance

ARMK opened at $57.01 on Friday. Aramark has a 1-year low of $35.07 and a 1-year high of $58.68. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.09 and a beta of 1.11. The company’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $46.83. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85.

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

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark’s payout ratio is 35.82%.

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.