Aramark (NYSE:ARMK) Trading Up 17%

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Aramark (NYSE:ARMK) was up 17% during trading on Wednesday . The company traded as high as $19.87 and last traded at $21.83, approximately 128,486 shares changed hands during trading. A decline of 98% from the average daily volume of 7,309,755 shares. The stock had previously closed at $18.66.

A number of equities research analysts recently commented on ARMK shares. Morgan Stanley decreased their price target on Aramark from $47.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 18th. Berenberg Bank lowered Aramark from a “buy” rating to a “hold” rating and increased their price target for the stock from $37.00 to $43.00 in a research report on Friday, January 17th. Sanford C. Bernstein upgraded Aramark from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 5th. Citigroup upgraded Aramark from a “sell” rating to a “buy” rating and decreased their price objective for the company from $39.00 to $30.00 in a research report on Monday. Finally, ValuEngine upgraded Aramark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.64.

The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.06 and a current ratio of 1.23. The firm has a market capitalization of $4.71 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The company has a 50-day moving average price of $33.13 and a 200-day moving average price of $41.08.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. Aramark had a return on equity of 16.88% and a net margin of 2.12%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue was down .3% on a year-over-year basis. Equities analysts predict that Aramark will post 1.84 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a $0.11 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 2.06%. Aramark’s dividend payout ratio is currently 19.64%.

In other Aramark news, Director Greg Creed acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of $34.30 per share, with a total value of $102,900.00. Following the purchase, the director now owns 3,488 shares of the company’s stock, valued at approximately $119,638.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen I. Sadove acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the purchase, the director now directly owns 3,488 shares in the company, valued at approximately $61,912. The disclosure for this purchase can be found here. Insiders bought a total of 71,400 shares of company stock worth $1,722,168 over the last 90 days. 3.30% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Aramark in the 4th quarter valued at about $76,000. Portland Hill Asset Management Ltd acquired a new stake in shares of Aramark in the 4th quarter valued at about $124,000. Quadrant Capital Group LLC raised its stake in shares of Aramark by 44.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,084 shares of the company’s stock valued at $176,000 after purchasing an additional 1,265 shares during the period. Redpoint Investment Management Pty Ltd acquired a new stake in shares of Aramark in the 3rd quarter valued at about $200,000. Finally, Guggenheim Capital LLC raised its stake in shares of Aramark by 28.9% in the 4th quarter. Guggenheim Capital LLC now owns 6,003 shares of the company’s stock valued at $260,000 after purchasing an additional 1,346 shares during the period. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Aramark Company Profile (NYSE:ARMK)

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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