Aramark (NYSE:ARMK) Stock Has Average Price Target of $69.14 According to Analysts

Shares of Aramark (NYSE:ARMK) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $69.14.

ARMK has been the subject of several research analyst reports. Robert W. Baird increased their target price on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group upped their price target on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Truist Financial increased their price objective on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a report on Monday, July 27th. Oppenheimer lifted their price objective on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Morgan Stanley set a $63.00 target price on shares of Aramark in a research report on Tuesday, August 11th.

Institutional Investors Weigh In On Aramark

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Aramark during the 2nd quarter worth approximately $4,248,000. Bank of America Corp DE purchased a new position in shares of Aramark in the second quarter valued at $137,742,000. BlackRock Inc. bought a new stake in Aramark in the second quarter worth $1,411,586,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Aramark during the second quarter valued at $1,001,000. Finally, Corient Private Wealth LP raised its stake in Aramark by 477.3% during the second quarter. Corient Private Wealth LP now owns 65,214 shares of the company’s stock valued at $3,711,000 after purchasing an additional 53,917 shares in the last quarter.

Aramark Stock Down 1.3%

ARMK opened at $53.74 on Friday. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The firm’s fifty day moving average is $57.56 and its 200 day moving average is $52.31. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Aramark’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. On average, sell-side analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Announces Dividend

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