Aramark (NYSE:ARMK) Reaches New 12-Month High at $32.11

Shares of Aramark (NYSE:ARMKGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $32.11 and last traded at $31.96, with a volume of 55519 shares changing hands. The stock had previously closed at $31.79.

Analyst Upgrades and Downgrades

ARMK has been the topic of a number of recent research reports. Morgan Stanley boosted their target price 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 target price on shares of Aramark from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $33.00 target price on shares of Aramark in a research report on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on shares of Aramark in a research report on Wednesday, January 17th. They set a “buy” rating and a $33.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of Aramark in a report on Thursday, December 7th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.32.

Check Out Our Latest Stock Report on ARMK

Aramark Stock Up 0.1 %

The firm’s 50-day moving average price is $29.91 and its 200 day moving average price is $29.79. The firm has a market cap of $8.57 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.28 and a beta of 1.47. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

Aramark (NYSE:ARMKGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.29 billion. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts expect that Aramark will post 1.56 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.095 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.16%. Aramark’s dividend payout ratio is currently 15.90%.

Hedge Funds Weigh In On Aramark

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in Aramark by 148.4% in the 4th quarter. Quarry LP now owns 954 shares of the company’s stock valued at $27,000 after buying an additional 570 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Aramark in the 4th quarter valued at about $28,000. Covestor Ltd grew its position in Aramark by 126.6% in the 2nd quarter. Covestor Ltd now owns 689 shares of the company’s stock valued at $30,000 after buying an additional 385 shares in the last quarter. Scarborough Advisors LLC bought a new position in Aramark in the 4th quarter valued at about $34,000. Finally, S.A. Mason LLC bought a new position in Aramark in the 3rd quarter valued at about $38,000.

Aramark Company Profile

(Get Free Report)

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.

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