Oppenheimer Forecasts Strong Price Appreciation for Aramark (NYSE:ARMK) Stock

Aramark (NYSE:ARMK) had its price target boosted by analysts at Oppenheimer from $43.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 23.42% from the stock’s current price.

Several other research analysts have also issued reports on ARMK. Robert W. Baird set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 11th. Citigroup lifted their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Truist Financial upped their price objective on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Bank of America began coverage on Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Morgan Stanley set a $45.00 target price on Aramark in a research report on Tuesday, February 10th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.56.

Aramark Trading Down 2.3%

Shares of ARMK opened at $40.51 on Wednesday. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The company has a market capitalization of $10.65 billion, a P/E ratio of 34.04, a P/E/G ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $39.86 and its 200 day simple moving average is $38.72.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Aramark had a net margin of 1.69% and a return on equity of 16.15%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aramark

A number of hedge funds have recently modified their holdings of ARMK. Steph & Co. raised its stake in shares of Aramark by 10.0% during the third quarter. Steph & Co. now owns 3,352 shares of the company’s stock valued at $129,000 after acquiring an additional 306 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Aramark by 55.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC raised its position in Aramark by 6.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,069 shares of the company’s stock valued at $271,000 after purchasing an additional 450 shares during the last quarter. Cetera Investment Advisers raised its position in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Aramark by 11.1% in the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock worth $225,000 after buying an additional 585 shares during the period.

About Aramark

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.