Aramark Holdings Corp. (ARMK) Stock Rating Lowered by Zacks Investment Research
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 Friday.
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. “
Other equities analysts also recently issued reports about the company. Nomura boosted their price objective on Aramark Holdings Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Bank of America Corp. upped their price target on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. RBC Capital Markets reaffirmed a “buy” rating and issued a $41.00 price target (down from $42.00) on shares of Aramark Holdings Corp. in a research note on Wednesday. Morgan Stanley set a $41.00 price target on shares of Aramark Holdings Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Finally, Macquarie started coverage on shares of Aramark Holdings Corp. in a research note on Thursday, August 25th. They issued an “outperform” rating and a $44.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.92.
Shares of Aramark Holdings Corp. (NYSE:ARMK) traded down 0.09% during midday trading on Friday, reaching $34.08. The company’s stock had a trading volume of 3,583,769 shares. Aramark Holdings Corp. has a 52 week low of $29.18 and a 52 week high of $38.30. The firm’s 50 day moving average is $36.71 and its 200 day moving average is $35.58. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 32.46 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business earned $3.54 billion during the quarter, compared to the consensus estimate of $3.67 billion. Aramark Holdings Corp. had a return on equity of 19.25% and a net margin of 2.00%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities analysts forecast that Aramark Holdings Corp. will post $1.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.21%. This is a boost from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 23rd. Aramark Holdings Corp.’s dividend payout ratio is 32.76%.
Large investors have recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of Aramark Holdings Corp. during the second quarter worth approximately $107,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Aramark Holdings Corp. by 61.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,900 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares during the last quarter. MU Investments Co. Ltd. acquired a new stake in shares of Aramark Holdings Corp. during the second quarter valued at about $148,000. Mn Services Vermogensbeheer B.V. raised 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 during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake 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 last quarter. Institutional investors and hedge funds own 94.38% 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).
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