Stephen I. Sadove Purchases 7,500 Shares of Aramark Holdings Corp. (ARMK) Stock
Aramark Holdings Corp. (NYSE:ARMK) Director Stephen I. Sadove acquired 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average cost of $33.53 per share, with a total value of $251,475.00. Following the transaction, the director now directly owns 22,489 shares of the company’s stock, valued at $754,056.17. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 35.057 on Wednesday. The firm has a market cap of $8.55 billion, a P/E ratio of 30.222 and a beta of 0.58. The firm’s 50-day moving average is $36.43 and its 200-day moving average is $35.62. Aramark Holdings Corp. has a 52-week low of $29.18 and a 52-week high of $38.30.
Aramark Holdings Corp. (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm 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 company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Analysts anticipate that Aramark Holdings Corp. will post $1.90 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Monday, November 28th will be given a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is an increase from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. Aramark Holdings Corp.’s dividend payout ratio (DPR) is 32.76%.
Several brokerages have commented on ARMK. Royal Bank Of Canada lowered their target price on Aramark Holdings Corp. from $42.00 to $41.00 and set a “top pick” rating for the company in a research note on Wednesday, November 16th. Zacks Investment Research raised Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, October 4th. Macquarie began coverage on Aramark Holdings Corp. in a research note on Thursday, August 25th. They set an “outperform” rating and a $44.00 target price for the company. JPMorgan Chase & Co. boosted their target price 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. Finally, Nomura boosted their target price on Aramark Holdings Corp. from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Aramark Holdings Corp. presently has a consensus rating of “Buy” and a consensus price target of $40.92.
Several hedge funds have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Aramark Holdings Corp. during the second quarter worth about $107,000. Fuller & Thaler Asset Management Inc. increased 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 worth $110,000 after buying an additional 1,100 shares during the period. MU Investments Co. Ltd. acquired a new stake in shares of Aramark Holdings Corp. during the second quarter worth about $148,000. 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 worth $175,000 after buying an additional 165 shares during the period. Finally, Daiwa Securities Group Inc. increased 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 worth $179,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 97.51% 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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