Aramark $ARMK Shares Acquired by State of Wyoming

State of Wyoming grew its stake in shares of Aramark (NYSE:ARMK) by 149.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,227 shares of the company’s stock after acquiring an additional 20,533 shares during the quarter. State of Wyoming’s holdings in Aramark were worth $1,433,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new position in Aramark during the 2nd quarter valued at approximately $40,000. Parallel Advisors LLC grew its holdings in shares of Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Aramark by 241.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock valued at $47,000 after acquiring an additional 789 shares during the period. Bayforest Capital Ltd purchased a new position in Aramark in the 2nd quarter worth $51,000. Finally, Hantz Financial Services Inc. grew its stake in Aramark by 1,323.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group restated a “buy” rating on shares of Aramark in a research note on Monday, December 1st. Robert W. Baird reduced their price target on shares of Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Citigroup lifted their price objective on shares of Aramark from $46.50 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Stifel Nicolaus set a $44.00 price objective on shares of Aramark in a research note on Monday, November 17th. Finally, Morgan Stanley decreased their target price on shares of Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Aramark Stock Performance

Shares of NYSE ARMK opened at $37.42 on Friday. The company has a market capitalization of $9.84 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.88 and a current ratio of 0.99. The company’s fifty day moving average price is $38.19 and its 200 day moving average price is $39.63. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Monday, November 17th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Aramark had a return on equity of 16.39% and a net margin of 1.76%.The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, research analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from Aramark’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.3%. Aramark’s dividend payout ratio is 39.34%.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.