Aramark (NYSE:ARMK) Price Target Raised to $70.00

Aramark (NYSE:ARMK) had its price objective raised by JPMorgan Chase & Co. from $55.00 to $70.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also weighed in on the company. New Street Research set a $70.00 target price on Aramark in a research report on Thursday. Citigroup boosted their price target on Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $74.00 price target on shares of Aramark in a research note on Wednesday. Robert W. Baird raised their price objective on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, UBS Group lifted their price objective on Aramark from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.07.

Aramark Price Performance

Aramark stock opened at $62.38 on Thursday. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.07 and a current ratio of 1.28. The firm has a 50 day moving average price of $56.30 and a 200 day moving average price of $48.17. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.10 and a beta of 1.12.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the firm posted $0.40 earnings per share. Aramark’s revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts predict that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s payout ratio is presently 33.57%.

Institutional Investors Weigh In On Aramark

Large investors have recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in Aramark during the 1st quarter valued at approximately $2,552,000. Bank of New York Mellon Corp raised its position in shares of Aramark by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock valued at $103,709,000 after purchasing an additional 114,662 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Aramark by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 586,473 shares of the company’s stock valued at $23,776,000 after purchasing an additional 21,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aramark by 13.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company’s stock valued at $290,962,000 after buying an additional 868,900 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Aramark by 18.1% during the 1st quarter. Sei Investments Co. now owns 242,743 shares of the company’s stock valued at $9,841,000 after buying an additional 37,222 shares during the last quarter.

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.