Aramark Holdings Corp. (NYSE:ARMK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA. “

ARMK has been the topic of several other reports. Bank of America Corp. increased their price objective on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. RBC Capital Markets reissued a “top pick” rating and set a $42.00 price objective (up from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Morgan Stanley set a $41.00 price objective on shares of Aramark Holdings Corp. and gave the company a “hold” rating in a research report on Thursday, August 11th. Barclays PLC increased their price objective on shares of Aramark Holdings Corp. from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Finally, Nomura increased their price objective on shares of Aramark Holdings Corp. from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.08.

Analyst Recommendations for Aramark Holdings Corp. (NYSE:ARMK)

Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 37.10 on Tuesday. The firm has a 50-day moving average of $37.52 and a 200 day moving average of $35.03. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 35.33 and a beta of 0.57. Aramark Holdings Corp. has a 12 month low of $29.18 and a 12 month high of $38.30.

Aramark Holdings Corp. (NYSE:ARMK) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Aramark Holdings Corp. had a net margin of 1.81% and a return on equity of 18.92%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm posted $0.29 EPS. Aramark Holdings Corp.’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that Aramark Holdings Corp. will post $1.71 earnings per share for the current year.

In other news, EVP Stephen R. Reynolds sold 56,709 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $36.97, for a total value of $2,096,531.73. Following the transaction, the executive vice president now owns 171,175 shares in the company, valued at approximately $6,328,339.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of ARMK. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of Aramark Holdings Corp. during the second quarter valued at $107,000. MU Investments Co. Ltd. acquired a new position in shares of Aramark Holdings Corp. during the second quarter valued at $148,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Aramark Holdings Corp. by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,806 shares of the company’s stock valued at $175,000 after buying an additional 165 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Aramark Holdings Corp. by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock valued at $179,000 after buying an additional 550 shares during the period. Finally, Strs Ohio boosted its position in shares of Aramark Holdings Corp. by 26.5% in the second quarter. Strs Ohio now owns 5,459 shares of the company’s stock valued at $182,000 after buying an additional 1,142 shares during the period. Hedge funds and other institutional investors own 94.26% of the company’s stock.

About Aramark Holdings Corp.

Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform).

5 Day Chart for NYSE:ARMK

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