Aramark (ARMK) Director Purchases $196,320.00 in Stock

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Aramark (NYSE:ARMK) Director Stephen I. Sadove acquired 6,000 shares of Aramark stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $32.72 per share, with a total value of $196,320.00. Following the transaction, the director now owns 37,314 shares of the company’s stock, valued at approximately $1,220,914.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aramark stock opened at $32.08 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market capitalization of $7.92 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. Aramark has a 52 week low of $30.78 and a 52 week high of $46.09.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, November 13th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.96 billion. Aramark had a return on equity of 17.76% and a net margin of 3.60%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Analysts anticipate that Aramark will post 2.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 6th. Stockholders of record on Monday, November 26th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 23rd. This is a positive change from Aramark’s previous quarterly dividend of $0.11. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.37%. Aramark’s payout ratio is presently 22.11%.

ARMK has been the subject of a number of research reports. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Nomura boosted their price target on Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Morgan Stanley reaffirmed a “hold” rating and issued a $45.00 price target (up previously from $44.00) on shares of Aramark in a research report on Thursday, September 13th. Sanford C. Bernstein began coverage on Aramark in a research report on Monday, September 17th. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Bank of America began coverage on Aramark in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $49.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Aramark currently has a consensus rating of “Buy” and an average target price of $45.40.

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of Aramark by 985.5% in the third quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock worth $103,000 after purchasing an additional 2,178 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Aramark in the second quarter worth about $161,000. Captrust Financial Advisors increased its stake in shares of Aramark by 236.4% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after purchasing an additional 3,101 shares during the period. Asset Management Group Inc. bought a new position in shares of Aramark in the third quarter worth about $201,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Aramark by 49.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock worth $191,000 after purchasing an additional 1,690 shares during the period. Institutional investors and hedge funds own 99.63% of the company’s stock.

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Aramark Company Profile

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following business segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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