According to Zacks, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA. “
A number of other research analysts have also recently commented on the company. Macquarie started coverage on Aramark Holdings Corp. in a research note on Thursday, August 25th. They issued an outperform rating and a $44.00 price target for the company. Barclays PLC raised their target price on Aramark Holdings Corp. from $37.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday, August 11th. RBC Capital Markets reaffirmed a top pick rating and set a $42.00 target price (up from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Bank of America Corp. raised their target price on Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a buy rating in a research report on Thursday, August 11th. Finally, Royal Bank Of Canada raised their target price on Aramark Holdings Corp. from $40.00 to $42.00 and gave the stock a top pick rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $41.08.
Shares of Aramark Holdings Corp. (NYSE:ARMK) traded up 0.57% during midday trading on Monday, hitting $37.16. The company had a trading volume of 101,033 shares. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 35.39 and a beta of 0.57. Aramark Holdings Corp. has a one year low of $29.18 and a one year high of $38.30. The stock’s 50-day moving average price is $37.49 and its 200-day moving average price is $35.14.
Aramark Holdings Corp. (NYSE:ARMK) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. Aramark Holdings Corp. had a return on equity of 18.92% and a net margin of 1.81%. The company earned $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company earned $0.29 EPS. Aramark Holdings Corp.’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that Aramark Holdings Corp. will post $1.71 EPS for the current year.
In other news, EVP Stephen R. Reynolds sold 56,709 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $36.97, for a total value of $2,096,531.73. Following the completion of the sale, the executive vice president now directly owns 171,175 shares in the company, valued at approximately $6,328,339.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Steinberg Asset Management LLC increased its position in Aramark Holdings Corp. by 5.0% in the first quarter. Steinberg Asset Management LLC now owns 777,237 shares of the company’s stock worth $25,742,000 after buying an additional 36,934 shares during the period. Wellington Management Group LLP increased its position in Aramark Holdings Corp. by 61.8% in the first quarter. Wellington Management Group LLP now owns 3,591,616 shares of the company’s stock worth $118,954,000 after buying an additional 1,372,026 shares during the period. Capital Fund Management S.A. increased its position in Aramark Holdings Corp. by 592.9% in the second quarter. Capital Fund Management S.A. now owns 307,666 shares of the company’s stock worth $10,282,000 after buying an additional 263,266 shares during the period. Suvretta Capital Management LLC increased its position in Aramark Holdings Corp. by 21.0% in the first quarter. Suvretta Capital Management LLC now owns 4,024,500 shares of the company’s stock worth $133,291,000 after buying an additional 699,800 shares during the period. Finally, Geode Capital Management LLC increased its position in Aramark Holdings Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 1,333,192 shares of the company’s stock worth $44,127,000 after buying an additional 62,989 shares during the period. Institutional investors and hedge funds own 94.24% of the company’s stock.
About Aramark Holdings Corp.
Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform).
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