Prana Capital Management LP Buys New Stake in Aramark $ARMK

Prana Capital Management LP purchased a new position in shares of Aramark (NYSE:ARMK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,279 shares of the company’s stock, valued at approximately $1,739,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the third quarter valued at $28,000. Quarry LP purchased a new stake in shares of Aramark during the 3rd quarter worth about $35,000. Osterweis Capital Management Inc. acquired a new stake in shares of Aramark during the 2nd quarter valued at about $40,000. Clearstead Advisors LLC increased its stake in shares of Aramark by 241.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of Aramark by 3,892.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock valued at $60,000 after purchasing an additional 1,518 shares in the last quarter.

Aramark Stock Up 1.1%

Shares of ARMK opened at $40.90 on Wednesday. The stock has a 50 day moving average price of $39.67 and a 200 day moving average price of $38.66. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 0.98 and a beta of 1.06.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Aramark’s payout ratio is presently 40.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Stifel Nicolaus upped their target price on Aramark from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Morgan Stanley set a $45.00 price target on shares of Aramark in a research note on Tuesday, February 10th. Finally, Robert W. Baird set a $50.00 price objective on shares of Aramark in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.