Yousif Capital Management LLC Has $3.58 Million Stake in Aramark (NYSE:ARMK)

Yousif Capital Management LLC lowered its holdings in Aramark (NYSE:ARMK) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,053 shares of the company’s stock after selling 3,789 shares during the quarter. Yousif Capital Management LLC’s holdings in Aramark were worth $3,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Aramark during the third quarter valued at about $716,000. Franklin Resources Inc. lifted its position in Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock valued at $254,427,000 after acquiring an additional 441,711 shares in the last quarter. Sarasin & Partners LLP boosted its stake in Aramark by 15.9% during the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company’s stock valued at $9,677,000 after purchasing an additional 35,616 shares during the last quarter. Geode Capital Management LLC increased its holdings in Aramark by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock worth $169,028,000 after purchasing an additional 45,384 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Aramark by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock worth $67,106,000 after purchasing an additional 14,839 shares during the last quarter.

Aramark Stock Performance

NYSE:ARMK opened at $38.07 on Friday. The company has a market capitalization of $10.08 billion, a P/E ratio of 38.45 and a beta of 1.64. The business has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $37.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72. Aramark has a 1 year low of $28.51 and a 1 year high of $42.49.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, analysts expect that Aramark will post 1.93 earnings per share for the current year.

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be issued a $0.105 dividend. The ex-dividend date is Monday, February 10th. This is an increase from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.10%. Aramark’s dividend payout ratio (DPR) is 42.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARMK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Aramark in a report on Thursday. Morgan Stanley increased their target price on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Truist Financial boosted their price target on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Aramark 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.