Aramark (NYSE:ARMK) had its price target increased by Morgan Stanley from $42.00 to $44.00 in a report released on Wednesday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on ARMK. Zacks Investment Research raised shares of Aramark from a sell rating to a hold rating in a research note on Wednesday, May 16th. ValuEngine raised shares of Aramark from a sell rating to a hold rating in a research note on Friday, July 20th. TheStreet cut shares of Aramark from a b rating to a c+ rating in a research note on Tuesday, May 8th. Finally, Robert W. Baird cut shares of Aramark from an outperform rating to a neutral rating and set a $37.00 price objective on the stock. in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $46.43.

Shares of Aramark opened at $40.00 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.98 and a current ratio of 1.36. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 21.60 and a beta of 0.69. Aramark has a 1 year low of $36.28 and a 1 year high of $46.09.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Aramark had a net margin of 3.26% and a return on equity of 17.37%. equities research analysts expect that Aramark will post 2.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th will be issued a $0.105 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. Aramark’s dividend payout ratio (DPR) is 23.73%.

Hedge funds have recently made changes to their positions in the company. Omnia Family Wealth LLC purchased a new position in shares of Aramark during the 1st quarter worth about $103,000. Squar Milner Financial Services LLC purchased a new position in shares of Aramark during the 2nd quarter worth about $105,000. FNY Investment Advisers LLC purchased a new position in shares of Aramark during the 2nd quarter worth about $148,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Aramark by 49.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock worth $191,000 after acquiring an additional 1,690 shares during the period. Finally, Aristotle Atlantic Partners LLC purchased a new position in shares of Aramark during the 1st quarter worth about $208,000. Institutional investors and hedge funds own 93.62% of the company’s stock.

Aramark Company Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

Featured Story: Diversification in Your Portfolio

Analyst Recommendations for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.