Aramark (NYSE:ARMK) Sets New 12-Month High – Here’s Why

Shares of Aramark (NYSE:ARMK) hit a new 52-week high on Friday . The stock traded as high as $45.00 and last traded at $45.1530, with a volume of 32827 shares traded. The stock had previously closed at $44.31.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Robert W. Baird set a $50.00 price objective on Aramark in a research report on Wednesday, February 11th. Truist Financial upped their price objective on Aramark from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Bank of America initiated coverage on Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Oppenheimer upped their price objective on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

Aramark Trading Up 2.2%

The business has a fifty day simple moving average of $41.11 and a 200-day simple moving average of $39.24. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 1.08 and a beta of 1.06.

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

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Aramark’s dividend payout ratio is presently 40.34%.

Institutional Investors Weigh In On Aramark

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership increased its stake in shares of Aramark by 166.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock valued at $43,450,000 after buying an additional 706,677 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Aramark by 102.3% in the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after buying an additional 667,528 shares during the period. Junto Capital Management LP acquired a new stake in shares of Aramark in the third quarter valued at about $132,157,000. Fisher Asset Management LLC increased its stake in shares of Aramark by 73.5% in the third quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock valued at $56,398,000 after buying an additional 622,430 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Aramark by 525.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock valued at $1,531,000 after buying an additional 33,507 shares during the period.

Aramark Company Profile

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.