Aramark (NYSE:ARMK) Given Average Recommendation of “Hold” by Analysts

Shares of Aramark (NYSE:ARMKGet Rating) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $39.43.

A number of research firms recently commented on ARMK. StockNews.com assumed coverage on shares of Aramark in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on Aramark in a research note on Tuesday, March 29th. They issued a “hold” rating and a $38.00 target price on the stock. Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12th. Bank of America began coverage on Aramark in a research note on Friday, March 11th. They issued a “buy” rating on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $45.00 target price on shares of Aramark in a research report on Thursday, March 31st.

A number of institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its stake in Aramark by 108.4% in the 1st quarter. CWM LLC now owns 667 shares of the company’s stock worth $25,000 after purchasing an additional 347 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Aramark in the first quarter worth $28,000. Eagle Bay Advisors LLC boosted its stake in Aramark by 75.1% during the third quarter. Eagle Bay Advisors LLC now owns 942 shares of the company’s stock valued at $30,000 after buying an additional 404 shares during the period. First Horizon Advisors Inc. boosted its stake in Aramark by 118.3% during the third quarter. First Horizon Advisors Inc. now owns 1,004 shares of the company’s stock valued at $46,000 after buying an additional 544 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in Aramark in the 3rd quarter worth about $54,000.

Shares of NYSE:ARMK opened at $34.27 on Tuesday. The company has a market capitalization of $8.80 billion, a P/E ratio of 244.80, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The company’s 50-day moving average is $36.51 and its 200 day moving average is $36.26. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 1.23. Aramark has a fifty-two week low of $31.22 and a fifty-two week high of $39.95.

Aramark (NYSE:ARMKGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Aramark had a return on equity of 2.19% and a net margin of 0.25%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the firm posted ($0.31) EPS. The business’s revenue was up 43.9% on a year-over-year basis. As a group, research analysts predict that Aramark will post 1.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 17th. Aramark’s dividend payout ratio is presently 314.31%.

Aramark Company Profile (Get Rating)

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Analyst Recommendations for Aramark (NYSE:ARMK)

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