Aramark (NYSE:ARMK) Price Target Raised to $54.00

Aramark (NYSE:ARMK) had its price objective boosted by Stifel Nicolaus from $47.00 to $54.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Robert W. Baird raised their target price on shares of Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial raised their target price on shares of Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. UBS Group raised their target price on shares of Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup raised their target price on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $45.00 target price on shares of Aramark in a research report on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.50.

Aramark Stock Up 0.7%

ARMK stock opened at $53.08 on Wednesday. Aramark has a 12 month low of $35.07 and a 12 month high of $53.57. The company’s 50 day simple moving average is $43.35 and its 200-day simple moving average is $40.19. The firm has a market capitalization of $13.96 billion, a PE ratio of 39.61, a P/E/G ratio of 1.11 and a beta of 1.08. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.13.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the business earned $0.35 earnings per share. Aramark’s revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts expect that Aramark will post 2.24 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s dividend payout ratio (DPR) is currently 40.34%.

Hedge Funds Weigh In On Aramark

A number of large investors have recently bought and sold shares of ARMK. Fifth Third Wealth Advisors LLC raised its stake in shares of Aramark by 5.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after acquiring an additional 339 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Aramark by 55.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after acquiring an additional 410 shares during the period. Procyon Advisors LLC grew its holdings in Aramark by 5.3% during the 1st quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock valued at $429,000 after purchasing an additional 532 shares in the last quarter. Cetera Investment Advisers grew its holdings in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in Aramark by 11.1% during the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock valued at $225,000 after purchasing an additional 585 shares in the last quarter.

About Aramark

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.