Aramark (ARMK) Upgraded by BidaskClub to Hold
Aramark (NYSE:ARMK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
Several other equities analysts have also weighed in on the company. Morgan Stanley increased their price objective on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Nomura reissued a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Barclays PLC increased their price objective on Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, June 23rd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark has an average rating of “Buy” and a consensus target price of $42.86.
Shares of Aramark (NYSE:ARMK) traded up 0.34% on Friday, hitting $40.94. The stock had a trading volume of 843,666 shares. The company has a 50-day moving average of $40.03 and a 200 day moving average of $38.63. Aramark has a 52 week low of $32.73 and a 52 week high of $41.72. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 29.67 and a beta of 0.48.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Aramark’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Aramark will post $1.96 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Aramark by 0.6% in the first quarter. US Bancorp DE now owns 6,417 shares of the company’s stock worth $237,000 after acquiring an additional 41 shares during the period. CAPROCK Group Inc. boosted its holdings in shares of Aramark by 0.8% in the second quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after acquiring an additional 43 shares during the period. Arizona State Retirement System boosted its holdings in shares of Aramark by 0.3% in the first quarter. Arizona State Retirement System now owns 38,500 shares of the company’s stock worth $1,419,000 after acquiring an additional 100 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after acquiring an additional 143 shares during the period. Finally, Atria Investments LLC boosted its holdings in shares of Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after acquiring an additional 209 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.
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).
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