Aramark (NYSE:ARMK) Reaches New 52-Week High – Here’s Why

Aramark (NYSE:ARMK)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $57.13 and last traded at $56.0090, with a volume of 2664154 shares changing hands. The stock had previously closed at $56.90.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Oppenheimer lifted their target price on Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus boosted their target price on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley increased their price target on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.29.

Aramark Stock Performance

The stock’s 50 day moving average is $51.31 and its two-hundred day moving average is $43.91. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85.

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

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Aramark’s dividend payout ratio is 35.82%.

Hedge Funds Weigh In On Aramark

Several institutional investors and hedge funds have recently made changes to their positions in ARMK. Goldman Sachs Group Inc. increased its position in Aramark by 38.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after buying an additional 135,224 shares during the period. Creative Planning raised its stake in Aramark by 36.0% in the 2nd quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Aramark by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aramark during the 2nd quarter worth approximately $640,000. Finally, Cerity Partners LLC increased its holdings in shares of Aramark by 61.5% during the second quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock worth $674,000 after purchasing an additional 6,127 shares during the period.

Aramark Company Profile

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.