Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Aramark from a buy rating to a hold rating in a research report on Tuesday, July 11th. BidaskClub upgraded Aramark from a sell rating to a hold rating in a report on Saturday, September 23rd. Royal Bank Of Canada reiterated a buy rating on shares of Aramark in a report on Thursday, October 5th. Morgan Stanley upped their price target on Aramark from $39.00 to $40.00 and gave the stock an equal weight rating in a research note on Thursday, August 10th. Finally, Barclays PLC increased their price target on Aramark from $37.00 to $39.00 and gave the company an equal weight rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Aramark has an average rating of Buy and a consensus target price of $45.17.
Shares of Aramark (NYSE:ARMK) traded down $0.40 during midday trading on Tuesday, reaching $43.35. 500,582 shares of the company’s stock traded hands, compared to its average volume of 1,102,419. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34. Aramark has a twelve month low of $32.73 and a twelve month high of $44.12. The company has a market capitalization of $10,723.35, a P/E ratio of 25.29, a P/E/G ratio of 1.82 and a beta of 0.50.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. research analysts predict that Aramark will post 1.77 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARMK. FNY Managed Accounts LLC purchased a new position in Aramark in the first quarter worth about $110,000. Toronto Dominion Bank lifted its stake in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares during the last quarter. Simplex Trading LLC bought a new stake in Aramark in the second quarter worth about $127,000. Advisor Group Inc. lifted its stake in Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 94.42% of the company’s stock.
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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