Shares of Aramark (NYSE:ARMK) have earned a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $47.88.
A number of research analysts have commented on ARMK shares. Nomura increased their price objective on shares of Aramark from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Morgan Stanley restated a “hold” rating and issued a $45.00 price target (up from $44.00) on shares of Aramark in a research report on Thursday, September 13th. ValuEngine upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Robert W. Baird downgraded shares of Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, August 8th.
NYSE ARMK traded down $0.94 during trading hours on Thursday, reaching $38.25. 2,680,926 shares of the company traded hands, compared to its average volume of 1,942,909. Aramark has a 12 month low of $36.28 and a 12 month high of $46.09. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.36 and a quick ratio of 1.03. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 21.61 and a beta of 0.69.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Aramark had a net margin of 3.26% and a return on equity of 17.37%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.92 billion. As a group, analysts anticipate that Aramark will post 1.99 EPS for the current year.
In other news, EVP Stephen R. Reynolds sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.33, for a total value of $619,950.00. Following the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $1,944,907.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Quantum Capital Management bought a new stake in Aramark in the 2nd quarter valued at about $841,000. Private Advisor Group LLC lifted its position in Aramark by 951.0% in the 2nd quarter. Private Advisor Group LLC now owns 99,580 shares of the company’s stock valued at $3,695,000 after purchasing an additional 90,105 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Aramark in the 2nd quarter valued at about $1,335,000. Sei Investments Co. lifted its position in Aramark by 1.1% in the 2nd quarter. Sei Investments Co. now owns 275,421 shares of the company’s stock valued at $10,218,000 after purchasing an additional 2,994 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Aramark in the 2nd quarter valued at about $161,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Aramark Company Profile
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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