Bank of America Issues Positive Forecast for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its price target increased by equities researchers at Bank of America from $54.00 to $59.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 13.09% from the stock’s current price.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price target on Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Oppenheimer lifted their price target on Aramark from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Stifel Nicolaus lifted their price target on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $54.25.

Aramark Stock Performance

Shares of ARMK stock traded down $0.77 on Tuesday, hitting $52.17. The company had a trading volume of 1,236,918 shares, compared to its average volume of 3,017,760. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.85. Aramark has a twelve month low of $35.07 and a twelve month high of $53.56. The company has a 50-day moving average price of $43.58 and a 200-day moving average price of $40.29. The firm has a market cap of $13.72 billion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Aramark’s revenue for the quarter was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts predict that Aramark will post 2.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aramark

Several large investors have recently bought and sold shares of ARMK. Capital International Investors grew its position in shares of Aramark by 1.0% in the fourth quarter. Capital International Investors now owns 24,894,503 shares of the company’s stock valued at $917,789,000 after purchasing an additional 247,594 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Aramark by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 18,195,901 shares of the company’s stock valued at $670,702,000 after purchasing an additional 128,199 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of Aramark by 4.0% in the fourth quarter. Farallon Capital Management LLC now owns 9,357,046 shares of the company’s stock valued at $344,901,000 after purchasing an additional 360,844 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Aramark by 163.1% in the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after purchasing an additional 5,492,046 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Aramark by 13.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company’s stock valued at $290,962,000 after purchasing an additional 868,900 shares in 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.