Captrust Financial Advisors Acquires 662 Shares of Aramark (NYSE:ARMK)

Captrust Financial Advisors lifted its holdings in shares of Aramark (NYSE:ARMK) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,955 shares of the company’s stock after purchasing an additional 662 shares during the period. Captrust Financial Advisors’ holdings in Aramark were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in Aramark by 70.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock worth $322,618,000 after purchasing an additional 3,430,131 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after acquiring an additional 720,738 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Aramark by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock valued at $67,106,000 after acquiring an additional 14,839 shares during the period. Millennium Management LLC boosted its holdings in Aramark by 822.3% in the second quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock valued at $57,073,000 after acquiring an additional 1,495,737 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Aramark by 13.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 922,212 shares of the company’s stock worth $31,374,000 after purchasing an additional 112,038 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARMK. UBS Group raised their target price on shares of Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price objective 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 report on Tuesday, November 12th. StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Truist Financial upped their price objective on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus price target of $42.59.

Aramark Price Performance

Shares of ARMK opened at $40.17 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market capitalization of $10.60 billion, a PE ratio of 40.58 and a beta of 1.63. The stock has a 50 day simple moving average of $39.22 and a 200 day simple moving average of $36.39. Aramark has a 52-week low of $27.05 and a 52-week high of $42.49.

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, hitting the consensus estimate of $0.54. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Sell-side analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a dividend of $0.001 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. Aramark’s dividend payout ratio is currently 42.42%.

Aramark Company Profile

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.