Shares of Aramark (NYSE:ARMK) have earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.73.
Several equities research analysts have commented on the stock. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.00 price target on shares of Aramark in a report on Wednesday, August 7th. Morgan Stanley set a $34.00 price target on shares of Aramark and gave the company a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, Nomura reissued a “hold” rating and set a $28.00 target price on shares of Aramark in a research note on Thursday, August 8th.
NYSE:ARMK traded down $0.04 during mid-day trading on Wednesday, hitting $37.10. The company’s stock had a trading volume of 1,181,900 shares, compared to its average volume of 4,580,655. Aramark has a 1 year low of $25.49 and a 1 year high of $43.70. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.22 and a quick ratio of 1.04. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.13 and a beta of 0.91. The business’s fifty day moving average is $36.39 and its two-hundred day moving average is $32.97.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that Aramark will post 2.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 14th. Aramark’s payout ratio is currently 22.11%.
In other news, insider Keith Bethel sold 7,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the sale, the insider now directly owns 43,692 shares of the company’s stock, valued at approximately $1,634,080.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. UBS Group AG raised its holdings in Aramark by 0.4% in the 2nd quarter. UBS Group AG now owns 1,209,032 shares of the company’s stock valued at $43,597,000 after acquiring an additional 5,243 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in Aramark in the 2nd quarter valued at about $5,794,000. MAI Capital Management acquired a new stake in Aramark in the 2nd quarter valued at about $1,012,000. Eaton Vance Management raised its holdings in Aramark by 6.0% in the 2nd quarter. Eaton Vance Management now owns 105,864 shares of the company’s stock valued at $3,817,000 after acquiring an additional 6,000 shares during the last quarter. Finally, MidWestOne Financial Group Inc. acquired a new stake in Aramark in the 2nd quarter valued at about $313,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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