9,959 Shares of Aramark $ARMK Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC purchased a new position in Aramark (NYSE:ARMK) in the third quarter, HoldingsChannel.com reports. The firm purchased 9,959 shares of the company’s stock, valued at approximately $533,000.

Several other large investors also recently bought and sold shares of ARMK. BlackRock Inc. purchased a new position in shares of Aramark in the second quarter valued at $1,411,586,000. Jupiter Topco LLC purchased a new position in Aramark in the 2nd quarter valued at about $1,041,407,000. Dimensional Fund Advisors LP boosted its position in Aramark by 13.8% in 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. Bank of New York Mellon Corp grew its stake in shares of Aramark by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock valued at $103,709,000 after acquiring an additional 114,662 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Aramark during the second quarter valued at about $137,742,000.

Analysts Set New Price Targets

ARMK has been the topic of several analyst reports. Truist Financial lifted their price objective on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Morgan Stanley set a $63.00 price objective on shares of Aramark in a research note on Tuesday, August 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Finally, Stifel Nicolaus upped their price objective on Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Aramark has a consensus rating of “Buy” and a consensus price target of $69.25.

Aramark Stock Performance

NYSE:ARMK opened at $55.35 on Friday. The company has a 50-day moving average of $57.13 and a 200-day moving average of $53.48. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65.

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

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Aramark’s payout ratio is currently 33.57%.

Aramark Company Profile

Aramark (NYSE: ARMK) is a provider of food services and facilities management. The company serves businesses, universities, schools, hospitals, sports and entertainment venues, correctional facilities, and other organizations through on-site dining, catering, concessions, refreshment services, and related hospitality offerings.

Its facilities services include custodial services, building operations and maintenance, workplace support, and other services designed to help clients manage their physical environments.