Aramark (NYSE:ARMK) Receives Average Recommendation of “Moderate Buy” from Analysts

Aramark (NYSE:ARMK) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $33.04.

ARMK has been the topic of a number of analyst reports. Truist Financial boosted their price objective on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $33.00 price objective on shares of Aramark in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group assumed coverage on Aramark in a research report on Wednesday, January 17th. They set a “buy” rating and a $33.00 price target for the company.

Aramark Stock Performance

Shares of ARMK opened at $30.92 on Friday. Aramark has a 1 year low of $23.95 and a 1 year high of $33.04. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 1.12. The stock’s fifty day moving average price is $31.61 and its two-hundred day moving average price is $29.43. The firm has a market cap of $8.12 billion, a PE ratio of 12.94, a PEG ratio of 1.25 and a beta of 1.47.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts forecast that Aramark will post 1.56 EPS for the current year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 10th. Aramark’s payout ratio is 15.90%.

Institutional Investors Weigh In On Aramark

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of Aramark during the first quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Aramark during the 4th quarter worth approximately $28,000. Scarborough Advisors LLC bought a new position in shares of Aramark in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Aramark by 2,269.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,161 shares of the company’s stock valued at $40,000 after purchasing an additional 1,112 shares during the period. Finally, CWM LLC boosted its position in shares of Aramark by 67.0% during the third quarter. CWM LLC now owns 1,196 shares of the company’s stock valued at $42,000 after purchasing an additional 480 shares in the last quarter.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.