Aramark (NYSE:ARMK) Price Target Cut to $46.00 by Analysts at Robert W. Baird

Aramark (NYSE:ARMK) had its target price trimmed by Robert W. Baird from $47.00 to $46.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $44.00 price objective on Aramark in a research note on Monday. UBS Group reduced their target price on shares of Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Finally, Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

Aramark Price Performance

NYSE:ARMK opened at $36.74 on Tuesday. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 27.21 and a beta of 1.24. The stock’s 50 day moving average price is $38.45 and its two-hundred day moving average price is $39.79. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.12 per share. This is a boost from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Aramark’s payout ratio is presently 31.11%.

Institutional Investors Weigh In On Aramark

Institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after purchasing an additional 815 shares in the last quarter. Quarry LP purchased a new stake in shares of Aramark in the third quarter valued at approximately $35,000. Osterweis Capital Management Inc. acquired a new position in shares of Aramark during the 2nd quarter worth about $40,000. Parallel Advisors LLC lifted its holdings in Aramark by 160.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 678 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Aramark by 241.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after purchasing an additional 789 shares during the last quarter.

Aramark Company Profile

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.