Aramark (NYSE:ARMK) Sets New 12-Month High – Here’s What Happened

Aramark (NYSE:ARMK) hit a new 52-week high on Thursday . The stock traded as high as $57.40 and last traded at $57.3950, with a volume of 280712 shares. The stock had previously closed at $56.49.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARMK shares. Robert W. Baird lifted their price objective on Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Citigroup upped their target price on shares of Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Oppenheimer boosted their price target on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $65.00 price objective on shares of Aramark in a research report on Monday, June 29th. Finally, Stifel Nicolaus raised their price objective on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.29.

Aramark Trading Up 2.1%

The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The firm has a market cap of $15.16 billion, a PE ratio of 42.99, a P/E/G ratio of 1.07 and a beta of 1.11. The business has a fifty day moving average price of $52.37 and a 200 day moving average price of $44.56.

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

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s dividend payout ratio (DPR) is 35.82%.

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its holdings in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 597 shares during the last quarter. Activest Wealth Management acquired a new position in Aramark during the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aramark in the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in shares of Aramark in the 1st quarter valued at $32,000. Finally, Kestra Advisory Services LLC purchased a new stake in Aramark in the 4th quarter valued at $32,000.

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.