Aramark (ARMK) Given Average Rating of “Buy” by Brokerages

Shares of Aramark (NYSE:ARMK) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $47.00.

Several brokerages recently issued reports on ARMK. Royal Bank of Canada restated a “buy” rating and issued a $50.00 price objective on shares of Aramark in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Credit Suisse Group restated an “outperform” rating and issued a $50.00 price objective on shares of Aramark in a report on Wednesday, January 24th. Barclays boosted their price objective on shares of Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Saturday, December 30th. Finally, Stifel Nicolaus initiated coverage on shares of Aramark in a report on Tuesday, December 19th. They issued a “buy” rating and a $50.00 price objective on the stock.

In other Aramark news, Director Sanjeev K. Mehra purchased 19,640 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Aramark during the fourth quarter worth about $127,000. Toronto Dominion Bank grew its position in shares of Aramark by 19.0% during 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 in the last quarter. Advisor Group Inc. grew its position in shares of Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after buying an additional 1,542 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Aramark by 54.9% during the fourth quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after buying an additional 1,401 shares in the last quarter. Finally, Highlander Capital Management LLC acquired a new position in shares of Aramark during the third quarter worth about $203,000. 94.79% of the stock is owned by institutional investors and hedge funds.

Shares of Aramark (NYSE ARMK) opened at $40.95 on Friday. The stock has a market cap of $10,030.00, a PE ratio of 19.05, a P/E/G ratio of 1.78 and a beta of 0.51. Aramark has a fifty-two week low of $35.21 and a fifty-two week high of $46.09. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.40 and a quick ratio of 0.86.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.88 billion. Aramark had a net margin of 3.65% and a return on equity of 18.68%. Aramark’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. equities analysts predict that Aramark will post 1.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.105 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.42 dividend on an annualized basis and a yield of 1.03%. Aramark’s dividend payout ratio (DPR) is presently 19.53%.

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About Aramark

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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