Bridges Investment Management Inc. Takes Position in Aramark $ARMK

Bridges Investment Management Inc. purchased a new position in Aramark (NYSE:ARMK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,570 shares of the company’s stock, valued at approximately $943,000.

A number of other institutional investors have also recently made changes to their positions in ARMK. Goldman Sachs Group Inc. boosted its stake in shares of Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after acquiring an additional 135,224 shares during the last quarter. Creative Planning boosted its stake in shares of Aramark by 36.0% in the second quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after acquiring an additional 2,625 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after acquiring an additional 573 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Aramark in the second quarter worth approximately $640,000. Finally, Cerity Partners LLC boosted its stake in shares of Aramark by 61.5% in the second quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock worth $674,000 after acquiring an additional 6,127 shares during the last quarter.

Aramark Price Performance

ARMK stock opened at $53.51 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $14.07 billion, a PE ratio of 39.93, a P/E/G ratio of 1.12 and a beta of 1.12. Aramark has a 12-month low of $35.07 and a 12-month high of $54.57. The business’s fifty day moving average price is $46.62 and its 200 day moving average price is $41.52.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts anticipate that Aramark will post 2.24 EPS for the current year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Aramark’s payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Stifel Nicolaus boosted their price objective on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Bank of America boosted their price objective on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group boosted their price objective on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.

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.