Aramark (NYSE:ARMK) Price Target Raised to $69.00

by · The Markets Daily

Aramark (NYSE:ARMK – Free Report) had its target price hoisted by Robert W. Baird from $63.00 to $69.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. Robert W. Baird currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Aramark in a research report on Wednesday, July 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Truist Financial boosted their price target on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $65.00 price target on shares of Aramark in a report on Monday, June 29th. Finally, Citigroup lifted their price objective on Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.07.

Check Out Our Latest Research Report on ARMK

Aramark Stock Up 2.1%

Shares of ARMK stock opened at $62.38 on Wednesday. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The firm has a market cap of $16.44 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12. The stock has a 50 day moving average of $56.30 and a 200-day moving average of $48.17. The company has a quick ratio of 1.07, a current ratio of 1.28 and a debt-to-equity ratio of 1.80.

Aramark (NYSE:ARMK – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the business earned $0.40 earnings per share. Aramark’s revenue for the quarter was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts predict that Aramark will post 2.26 EPS for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio is 33.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARMK. Elevation Wealth Partners LLC boosted its stake in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 597 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Aramark during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark during the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new position in Aramark during the 1st quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Aramark in the second quarter valued at about $46,000.

About Aramark

(Get Free Report)

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.

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