Aramark Holdings Corp. (NYSE:ARMK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

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. “

Several other equities research analysts have also recently issued reports on ARMK. Royal Bank Of Canada raised their target price on shares of Aramark Holdings Corp. from $40.00 to $42.00 and gave the stock a “top pick” rating in a research report on Thursday, August 11th. Nomura raised their target price on shares of Aramark Holdings Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Barclays PLC raised their target price on shares of Aramark Holdings Corp. from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Aramark Holdings Corp. from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Finally, Bank of America Corp. lifted their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Aramark Holdings Corp. 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) traded down 0.27% on Monday, hitting $36.95. 1,167,146 shares of the stock traded hands. Aramark Holdings Corp. has a 12-month low of $29.18 and a 12-month high of $38.30. The firm’s 50-day moving average is $37.50 and its 200 day moving average is $35.08. The firm has a market cap of $9.01 billion, a P/E ratio of 35.19 and a beta of 0.57.

Aramark Holdings Corp. (NYSE:ARMK) last released its earnings results on Wednesday, August 10th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Aramark Holdings Corp. will post $1.71 EPS for the current fiscal year.

In other Aramark Holdings Corp. news, EVP Stephen R. Reynolds sold 56,709 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $36.97, for a total transaction of $2,096,531.73. Following the completion of the sale, the executive vice president now owns 171,175 shares in the company, valued at $6,328,339.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ARMK. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Aramark Holdings Corp. during the second quarter valued at $107,000. MU Investments Co. Ltd. acquired a new stake in Aramark Holdings Corp. during the second quarter valued at $148,000. Mn Services Vermogensbeheer B.V. raised its stake in 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 last quarter. Daiwa Securities Group Inc. raised its stake in 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 last quarter. Finally, Strs Ohio raised its stake in 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 last quarter. Hedge funds and other institutional investors own 94.24% of the company’s stock.

Aramark Holdings Corp. Company Profile

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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