Aramark (NYSE:ARMK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aramark (NYSE:ARMK) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.04.

ARMK has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $33.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Truist Financial raised 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. The Goldman Sachs Group began coverage on Aramark in a report on Wednesday, January 17th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Morgan Stanley lifted their price target on Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th.

Hedge Funds Weigh In On Aramark

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Aramark during the first quarter valued at approximately $25,000. Quarry LP boosted its position in shares of Aramark by 148.4% during the fourth quarter. Quarry LP now owns 954 shares of the company’s stock valued at $27,000 after purchasing an additional 570 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Aramark during the fourth quarter valued at approximately $28,000. S.A. Mason LLC bought a new stake in shares of Aramark during the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Aramark by 2,269.4% during the third quarter. EverSource Wealth Advisors LLC now owns 1,161 shares of the company’s stock valued at $40,000 after purchasing an additional 1,112 shares in the last quarter.

Aramark Stock Performance

Shares of ARMK opened at $31.47 on Tuesday. The company has a market cap of $8.26 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.48. 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 stock has a 50-day moving average price of $31.26 and a 200-day moving average price of $28.92. Aramark has a 12-month low of $23.95 and a 12-month high of $33.04.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Aramark had a return on equity of 13.45% and a net margin of 3.37%. Aramark’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. As a group, equities analysts forecast that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid 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 1.21%. Aramark’s dividend payout ratio (DPR) is presently 15.90%.

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.