Aramark (NYSE:ARMK) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Aramark (NYSE:ARMK) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,498 shares of the company’s stock after purchasing an additional 1,303 shares during the period. QRG Capital Management Inc.’s holdings in Aramark were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ARMK. Millennium Management LLC lifted its stake in shares of Aramark by 822.3% in the 2nd quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock valued at $57,073,000 after purchasing an additional 1,495,737 shares during the period. Farallon Capital Management LLC lifted its stake in shares of Aramark by 5.5% in the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after purchasing an additional 923,683 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aramark by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Aramark by 5.4% in the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after purchasing an additional 681,735 shares during the period. Finally, Kingdon Capital Management L.L.C. acquired a new position in shares of Aramark in the 1st quarter valued at $13,008,000.

Aramark Price Performance

Aramark stock opened at $39.11 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.71. Aramark has a 52-week low of $25.92 and a 52-week high of $39.99. The company has a fifty day simple moving average of $38.11 and a 200-day simple moving average of $35.06. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 29.86 and a beta of 1.62.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. Truist Financial upped their price objective on shares of Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.35.

About Aramark

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.