Bank of America Initiates Coverage on Aramark (NYSE:ARMK)

Equities research analysts at Bank of America began coverage on shares of Aramark (NYSE:ARMK) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $50.00 price target on the stock. Bank of America‘s target price indicates a potential upside of 28.22% from the stock’s current price.

Several other brokerages have also recently issued reports on ARMK. Morgan Stanley set a $45.00 target price on shares of Aramark in a report on Tuesday, February 10th. Stifel Nicolaus raised their price target on Aramark from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a report on Monday, December 29th. UBS Group set a $47.00 price target on Aramark and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $50.00 price objective on shares of Aramark in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.14.

Aramark Stock Down 0.4%

ARMK stock opened at $38.99 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The stock has a market capitalization of $10.25 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.07 and a beta of 1.09. The business has a fifty day moving average price of $38.39 and a 200-day moving average price of $38.55.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. Aramark had a return on equity of 16.15% and a net margin of 1.69%.Aramark’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Aramark

Hedge funds and other institutional investors have recently modified their holdings of the company. Milford Funds Ltd. purchased a new position in shares of Aramark during the 4th quarter valued at $181,204,000. Norges Bank bought a new stake in Aramark during the fourth quarter valued at about $128,738,000. Junto Capital Management LP purchased a new position in shares of Aramark in the third quarter valued at about $132,157,000. Cooke & Bieler LP bought a new position in shares of Aramark in the fourth quarter worth about $118,110,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of Aramark during the fourth quarter worth about $97,780,000.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.