Aramark (NYSE:ARMK) Price Target Raised to $47.00

Aramark (NYSE:ARMK) had its price objective raised by Stifel Nicolaus from $44.00 to $47.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. UBS Group set a $47.00 target price on shares of Aramark and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley set a $45.00 price target on shares of Aramark in a research note on Tuesday. Robert W. Baird set a $50.00 price target on shares of Aramark in a report on Wednesday. Finally, Citigroup lifted their price objective on Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

Aramark Stock Performance

NYSE ARMK opened at $38.99 on Wednesday. The firm has a market cap of $10.25 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.08 and a beta of 1.09. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The business’s 50-day moving average price is $38.35 and its 200 day moving average price is $38.63. The company has a quick ratio of 0.88, a current ratio of 1.27 and a debt-to-equity ratio of 1.94.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, February 18th. Aramark’s dividend payout ratio is presently 40.34%.

Institutional Investors Weigh In On Aramark

Several institutional investors have recently modified their holdings of the company. Capital International Investors increased its stake in Aramark by 1.0% in the 4th quarter. Capital International Investors now owns 24,894,503 shares of the company’s stock valued at $917,789,000 after purchasing an additional 247,594 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Aramark by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,312,451 shares of the company’s stock valued at $741,598,000 after purchasing an additional 639,423 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aramark by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,308,284 shares of the company’s stock valued at $232,532,000 after buying an additional 413,593 shares in the last quarter. Milford Funds Ltd. purchased a new position in shares of Aramark in the fourth quarter valued at $181,204,000. Finally, Geode Capital Management LLC raised its stake in shares of Aramark by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,677,911 shares of the company’s stock worth $172,464,000 after buying an additional 56,404 shares during the last quarter.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.