Aramark (NYSE:ARMK – Get Rating) has earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.71.
A number of analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $45.00 target price on shares of Aramark in a research report on Thursday, March 31st. StockNews.com started coverage on Aramark in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on Aramark in a research report on Tuesday, March 29th. They issued a “hold” rating and a $38.00 price target for the company. Finally, Morgan Stanley reduced their price target on Aramark from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Aramark by 108.4% during the 1st quarter. CWM LLC now owns 667 shares of the company’s stock worth $25,000 after acquiring an additional 347 shares during the period. Allworth Financial LP purchased a new position in shares of Aramark during the 1st quarter worth approximately $28,000. PNC Financial Services Group Inc. grew its holdings in shares of Aramark by 35.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock worth $64,000 after acquiring an additional 447 shares during the period. Signaturefd LLC grew its holdings in shares of Aramark by 37.5% during the 4th quarter. Signaturefd LLC now owns 1,794 shares of the company’s stock worth $66,000 after acquiring an additional 489 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Aramark by 88.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,895 shares of the company’s stock worth $69,000 after acquiring an additional 891 shares during the period.
Aramark Stock Performance
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NYSE:ARMK opened at $31.97 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.14 and a quick ratio of 0.98. The business has a fifty day simple moving average of $31.86 and a two-hundred day simple moving average of $34.66. Aramark has a 1 year low of $28.74 and a 1 year high of $39.95. The company has a market capitalization of $8.21 billion, a P/E ratio of 55.12, a P/E/G ratio of 0.80 and a beta of 1.75.
Aramark (NYSE:ARMK – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Aramark had a return on equity of 6.43% and a net margin of 1.02%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business posted ($0.24) earnings per share. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts expect that Aramark will post 1.15 earnings per share for the current year.
Aramark Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Wednesday, May 18th were issued a dividend of $0.11 per share. The ex-dividend date was Tuesday, May 17th. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. Aramark’s dividend payout ratio is presently 75.86%.
About Aramark
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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