Aramark (NYSE:ARMK) Stock Has Consensus Price Target of $69.25

Shares of Aramark (NYSE:ARMK) have been assigned a consensus rating of “Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $69.25.

Several brokerages recently commented on ARMK. JPMorgan Chase & Co. increased their price objective on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. UBS Group reaffirmed a “buy” rating on shares of Aramark in a report on Tuesday, September 8th. Stifel Nicolaus upped their target price on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. New Street Research set a $70.00 price target on shares of Aramark in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price target on shares of Aramark in a research report on Wednesday, August 12th.

Aramark Trading Up 0.1%

Aramark stock opened at $52.60 on Wednesday. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.12. The business’s fifty day simple moving average is $56.58 and its two-hundred day simple moving average is $54.01. 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 (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities analysts predict that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARMK. Henshaw Capital LLC lifted its stake in shares of Aramark by 0.3% during the 1st quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after purchasing an additional 225 shares during the last quarter. Tidal Investments LLC raised its position in shares of Aramark by 0.7% in the 2nd quarter. Tidal Investments LLC now owns 34,983 shares of the company’s stock valued at $1,991,000 after purchasing an additional 237 shares during the last quarter. CX Institutional raised its position in shares of Aramark by 76.1% in the 3rd quarter. CX Institutional now owns 694 shares of the company’s stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. Arizona State Retirement System boosted its stake in Aramark by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 72,524 shares of the company’s stock worth $4,127,000 after purchasing an additional 337 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Aramark by 5.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock worth $261,000 after purchasing an additional 339 shares in the last quarter.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.

Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.