Truist Financial Issues Positive Forecast for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its target price upped by Truist Financial from $50.00 to $58.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on ARMK. Citigroup raised their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Stifel Nicolaus raised their price target on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $54.00 price target on shares of Aramark in a research report on Wednesday. Robert W. Baird raised their price target on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Bank of America assumed coverage on Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price target on the stock. Ten 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.36.

Aramark Trading Up 4.9%

NYSE:ARMK opened at $50.77 on Wednesday. Aramark has a 1-year low of $35.07 and a 1-year high of $51.17. The business’s 50-day moving average price is $42.87 and its two-hundred day moving average price is $40.01. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 1.18 and a beta of 1.08.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts expect that Aramark will post 2.22 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is currently 40.34%.

Institutional Investors Weigh In On Aramark

Hedge funds and other institutional investors have recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in Aramark in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new stake in Aramark in the 1st quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new stake in Aramark in the 4th quarter valued at approximately $32,000. Finally, Quarry LP acquired a new stake in Aramark in the 3rd quarter valued at approximately $35,000.

Key Aramark News

Here are the key news stories impacting Aramark this week:

• Positive Sentiment: JPMorgan raised its price target on Aramark to $55 from $49 and kept an overweight rating, signaling continued confidence in the company’s growth and valuation. JPMorgan price target raise
• Positive Sentiment: Truist lifted its target to $58 from $50 and reiterated a buy rating, implying further upside from recent levels. Truist price target raise
• Positive Sentiment: Stifel increased its target to $54 from $47 and maintained a buy rating after Aramark’s earnings beat. Stifel price target raise
• Positive Sentiment: Robert W. Baird also raised its target to $58 from $50 and kept an outperform rating, adding to the cluster of bullish analyst updates. Baird price target raise
• Neutral Sentiment: Recent coverage highlighted Aramark’s move into the hyperscale AI data center market, which may be seen as a longer-term growth opportunity but is not yet a near-term earnings driver. Aramark forays into AI

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.