Aramark Holdings Corp. (NYSE:ARMK) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $40.91.

Several research analysts recently weighed in on ARMK shares. Zacks Investment Research upgraded shares of Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, October 4th. Macquarie initiated coverage on shares of Aramark Holdings Corp. in a research report on Thursday, August 25th. They issued an “outperform” rating and a $44.00 price objective on the stock. Barclays PLC lifted their price objective 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. RBC Capital Markets reaffirmed a “top pick” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Finally, Bank of America Corp. lifted their price objective on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th.

Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 36.21 on Wednesday. The company’s 50 day moving average is $37.09 and its 200 day moving average is $35.56. Aramark Holdings Corp. has a 52-week low of $29.18 and a 52-week high of $38.30. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 34.49 and a beta of 0.58.

In related news, EVP Stephen R. Reynolds sold 56,709 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 171,175 shares of the company’s stock, valued at $6,328,339.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of ARMK. FMR LLC boosted its position in shares of Aramark Holdings Corp. by 2.5% in the second quarter. FMR LLC now owns 19,124,815 shares of the company’s stock valued at $639,152,000 after buying an additional 470,600 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Aramark Holdings Corp. by 8.0% in the second quarter. Vanguard Group Inc. now owns 17,003,863 shares of the company’s stock valued at $568,269,000 after buying an additional 1,258,546 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Aramark Holdings Corp. by 13.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,006,234 shares of the company’s stock valued at $434,669,000 after buying an additional 1,557,188 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in shares of Aramark Holdings Corp. by 31.7% in the second quarter. Atlanta Capital Management Co. L L C now owns 6,272,204 shares of the company’s stock valued at $209,618,000 after buying an additional 1,508,088 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Aramark Holdings Corp. by 3.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,217,298 shares of the company’s stock valued at $236,444,000 after buying an additional 235,571 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

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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