Aramark (NYSE:ARMK) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $43.00.

A number of brokerages have commented on ARMK. BidaskClub downgraded shares of Aramark from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Morgan Stanley increased their price objective on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Nomura reiterated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC increased their price objective on shares of Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, June 23rd.

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Shares of Aramark (NYSE ARMK) opened at 40.94 on Wednesday. The firm’s 50-day moving average price is $39.92 and its 200 day moving average price is $38.42. The company has a market capitalization of $10.03 billion, a PE ratio of 29.67 and a beta of 0.48. Aramark has a 52-week low of $32.73 and a 52-week high of $41.72.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.61 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts forecast that Aramark will post $1.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th were given a dividend of $0.103 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.41 dividend on an annualized basis and a yield of 1.01%. Aramark’s payout ratio is 29.93%.

In other Aramark news, SVP Brian P. Pressler sold 10,629 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $40.80, for a total value of $433,663.20. Following the completion of the transaction, the senior vice president now owns 14,285 shares of the company’s stock, valued at $582,828. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Israel Discount Bank of New York purchased a new position in shares of Aramark in the first quarter worth $103,000. FNY Managed Accounts LLC purchased a new position in shares of Aramark in the first quarter worth $110,000. Toronto Dominion Bank raised its holdings in shares of Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after buying an additional 483 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of Aramark in the second quarter worth $127,000. Finally, Acrospire Investment Management LLC raised its holdings in shares of Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after buying an additional 1,800 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Analyst Recommendations for Aramark (NYSE:ARMK)

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