Aramark (NYSE:ARMK) Reaches New 1-Year High at $36.55

Aramark (NYSE:ARMK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $36.55 and last traded at $36.49, with a volume of 620731 shares. The stock had previously closed at $36.08.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial lowered Aramark from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Bank of America raised their price objective on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. UBS Group lifted their price target on Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Deutsche Bank Aktiengesellschaft upgraded Aramark from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price target on Aramark from $33.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and a consensus target price of $35.82.

Aramark Price Performance

The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.77 and a beta of 1.59. The company has a fifty day simple moving average of $34.13 and a 200 day simple moving average of $32.72. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.25.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Equities research analysts forecast that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, August 19th. Aramark’s payout ratio is 15.97%.

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARMK. Rise Advisors LLC bought a new stake in Aramark during the 1st quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in Aramark during the 4th quarter worth approximately $28,000. Scarborough Advisors LLC bought a new stake in Aramark during the 4th quarter worth approximately $34,000. Twin Tree Management LP increased its holdings in Aramark by 32.0% during the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock worth $46,000 after purchasing an additional 345 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Aramark by 319.3% in the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock valued at $57,000 after acquiring an additional 1,277 shares in the last quarter.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.