Aramark Holdings Corp. (NYSE:ARMK) had its price target decreased by analysts at RBC Capital Markets from $42.00 to $41.00 in a research note issued to investors on Wednesday. The brokerage presently has a “top pick” rating on the stock. RBC Capital Markets’ target price would indicate a potential upside of 23.68% from the company’s previous close.

A number of other research analysts have also recently commented on ARMK. Royal Bank Of Canada cut their target price on Aramark Holdings Corp. from $42.00 to $41.00 and set a “top pick” rating on the stock in a research note on Wednesday. Nomura upped their target price on Aramark Holdings Corp. from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Morgan Stanley set a $41.00 target price on Aramark Holdings Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. Zacks Investment Research raised Aramark Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 15th. Finally, JPMorgan Chase & Co. increased their price objective on Aramark Holdings Corp. from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.92.

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

Aramark Holdings Corp. (NYSE:ARMK) opened at 33.15 on Wednesday. The firm’s 50-day moving average price is $37.09 and its 200-day moving average price is $35.56. Aramark Holdings Corp. has a 52 week low of $29.18 and a 52 week high of $38.30. The stock has a market cap of $8.09 billion, a PE ratio of 31.57 and a beta of 0.58.

Aramark Holdings Corp. (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Aramark Holdings Corp. had a return on equity of 18.92% and a net margin of 1.81%. The company had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts predict that Aramark Holdings Corp. will post $1.70 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a positive change from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. Aramark Holdings Corp.’s dividend payout ratio is currently 35.85%.

Hedge funds have recently modified their holdings of the stock. Dean Investment Associates LLC raised its position in shares of Aramark Holdings Corp. by 0.9% in the third quarter. Dean Investment Associates LLC now owns 13,354 shares of the company’s stock worth $508,000 after buying an additional 122 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake 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 in the last quarter. SG Americas Securities LLC increased its stake in shares of Aramark Holdings Corp. by 5.4% in the second quarter. SG Americas Securities LLC now owns 7,493 shares of the company’s stock valued at $250,000 after buying an additional 383 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Aramark Holdings Corp. by 2.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,247 shares of the company’s stock valued at $509,000 after buying an additional 408 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Aramark Holdings Corp. by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 48,960 shares of the company’s stock valued at $1,635,000 after buying an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 94.38% 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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