Aramark (NYSE:ARMK) had its target price raised by research analysts at Barclays from $45.00 to $47.00 in a note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the stock. Barclays’ target price suggests a potential upside of 9.61% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Nomura upped their price objective on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus began coverage on shares of Aramark in a report on Tuesday. They issued a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.86.
Aramark (NYSE ARMK) traded down $0.04 during midday trading on Friday, reaching $42.88. 1,101,300 shares of the company’s stock traded hands, compared to its average volume of 1,375,911. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. Aramark has a 1 year low of $32.87 and a 1 year high of $44.12. The company has a market capitalization of $10,517.07, a price-to-earnings ratio of 24.25, a P/E/G ratio of 1.82 and a beta of 0.47.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. sell-side analysts expect that Aramark will post 1.96 EPS for the current fiscal year.
In related news, Director Sanjeev K. Mehra acquired 19,640 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ARMK. Janus Henderson Group PLC grew its stake in shares of Aramark by 13,882.8% in the second quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after acquiring an additional 2,813,359 shares in 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 valued at $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 valued at $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 valued at $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 valued at $73,932,000 after acquiring an additional 668,047 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.
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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).