Investment analysts at Stifel Nicolaus assumed coverage on shares of Aramark (NYSE:ARMK) in a report released on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other research firms have also recently commented on ARMK. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada boosted their price target on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Nomura lowered their price target on Aramark from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. BidaskClub upgraded Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Barclays reiterated a “hold” rating and set a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Aramark presently has a consensus rating of “Buy” and an average price target of $44.83.
Aramark (NYSE:ARMK) traded up $0.41 during midday trading on Tuesday, reaching $42.90. The company had a trading volume of 1,938,963 shares, compared to its average volume of 1,377,640. The stock has a market capitalization of $10,401.90, a P/E ratio of 23.98, a PEG ratio of 1.80 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11. Aramark has a 12 month low of $32.87 and a 12 month high of $44.12.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARMK. Janus Henderson Group PLC increased its holdings in shares of Aramark by 13,882.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock worth $116,122,000 after buying an additional 2,813,359 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in shares of Aramark by 25.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock worth $406,989,000 after acquiring an additional 1,997,607 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Aramark by 197.8% in the third quarter. Legal & General Group Plc now owns 1,128,918 shares of the company’s stock worth $45,843,000 after acquiring an additional 749,812 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Aramark by 1,987.5% in the second quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock worth $30,232,000 after acquiring an additional 702,390 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Aramark by 58.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock worth $73,932,000 after acquiring an additional 668,047 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
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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).
