Aramark (NYSE:ARMK) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its position in shares of Aramark (NYSE:ARMK) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,666 shares of the company’s stock after buying an additional 842 shares during the period. Sigma Planning Corp’s holdings in Aramark were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Aramark during the 3rd quarter worth approximately $28,000. UMB Bank n.a. increased its position in shares of Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial bought a new stake in Aramark in the third quarter worth about $52,000. Twin Tree Management LP increased its holdings in shares of Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 345 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Aramark by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock worth $57,000 after acquiring an additional 1,277 shares during the last quarter.

Aramark Stock Performance

NYSE ARMK opened at $37.36 on Friday. Aramark has a 1-year low of $26.58 and a 1-year high of $42.04. The company has a 50 day moving average of $38.27 and a 200-day moving average of $35.20. The company has a current ratio of 0.81, a quick ratio of 0.86 and a debt-to-equity ratio of 1.42. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 37.74 and a beta of 1.62.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, equities analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.001 dividend. This represents a $0.00 annualized dividend and a yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s payout ratio is presently 38.38%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their target price on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised Aramark from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Truist Financial boosted their price objective on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.23.

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.