Aramark (NYSE:ARMK) Price Target Raised to $50.00 at Truist Financial

Aramark (NYSE:ARMK) had its price target boosted by Truist Financial from $46.00 to $50.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

ARMK has been the topic of a number of other reports. Bank of America initiated coverage on Aramark in a research note on Tuesday. They issued a “buy” rating and a $50.00 target price on the stock. UBS Group set a $47.00 price objective on shares of Aramark and gave the stock a “buy” rating in a report on Wednesday, February 11th. Stifel Nicolaus boosted their target price on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Finally, Robert W. Baird set a $50.00 price target on Aramark in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Price Performance

Shares of ARMK opened at $39.21 on Tuesday. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.07 and a beta of 1.09. The stock has a 50 day moving average of $38.43 and a 200-day moving average of $38.52.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, February 18th. Aramark’s dividend payout ratio is 40.34%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caisse de depot et placement du Quebec lifted its holdings in Aramark by 38.5% in the 4th quarter. Caisse de depot et placement du Quebec now owns 109,330 shares of the company’s stock valued at $4,030,000 after acquiring an additional 30,411 shares during the last quarter. J. Goldman & Co LP acquired a new stake in Aramark during the fourth quarter valued at approximately $55,809,000. AQR Capital Management LLC grew its position in Aramark by 163.1% in the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after buying an additional 5,492,046 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Aramark by 7.0% in the fourth quarter. Cetera Investment Advisers now owns 9,788 shares of the company’s stock valued at $361,000 after buying an additional 637 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Aramark during the 4th quarter valued at $553,000.

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.