Aramark (NYSE:ARMK) Receives $33.04 Consensus PT from Analysts

Shares of Aramark (NYSE:ARMK) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.04.

ARMK has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Truist Financial boosted their price objective on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada restated a “sector perform” rating and set a $33.00 target price on shares of Aramark in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group started coverage on shares of Aramark in a research report on Wednesday, January 17th. They set a “buy” rating and a $33.00 price target on the stock.

Aramark Trading Up 0.2 %

Shares of Aramark stock opened at $31.95 on Tuesday. The firm’s 50-day moving average price is $31.18 and its 200 day moving average price is $29.06. Aramark has a twelve month low of $23.95 and a twelve month high of $33.04. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $8.39 billion, a PE ratio of 13.37, a P/E/G ratio of 1.31 and a beta of 1.48.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is 15.90%.

Hedge Funds Weigh In On Aramark

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Aramark by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock worth $718,917,000 after buying an additional 139,693 shares during the last quarter. BlackRock Inc. raised its stake in Aramark by 102.9% during the 1st quarter. BlackRock Inc. now owns 24,774,397 shares of the company’s stock worth $886,923,000 after acquiring an additional 12,562,434 shares in the last quarter. Capital International Investors raised its stake in Aramark by 0.4% during the 4th quarter. Capital International Investors now owns 23,614,308 shares of the company’s stock worth $663,545,000 after acquiring an additional 91,866 shares in the last quarter. Morgan Stanley boosted its stake in Aramark by 1,042.8% in the fourth quarter. Morgan Stanley now owns 12,850,218 shares of the company’s stock valued at $531,228,000 after acquiring an additional 11,725,727 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Aramark by 63.3% during the first quarter. State Street Corp now owns 7,929,211 shares of the company’s stock worth $283,866,000 after purchasing an additional 3,074,389 shares during the last quarter.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.