Aramark (NYSE:ARMK) Price Target Raised to $50.00

Aramark (NYSE:ARMK) had its price target upped by Truist Financial from $46.00 to $50.00 in a report published on Tuesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also commented on ARMK. Stifel Nicolaus lifted their price objective on shares of Aramark from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Bank of America initiated coverage on shares of Aramark in a report on Tuesday. They issued a “buy” rating and a $50.00 target price for the company. Robert W. Baird set a $50.00 price objective on shares of Aramark in a research report on Wednesday, February 11th. UBS Group set a $47.00 target price on Aramark and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Citigroup upped their target price on Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Stock Performance

Shares of NYSE:ARMK opened at $40.50 on Tuesday. The firm has a fifty day simple moving average of $38.55 and a two-hundred day simple moving average of $38.55. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $10.65 billion, a P/E ratio of 34.03, a PEG ratio of 0.98 and a beta of 1.09. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49.

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

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Aramark’s dividend payout ratio (DPR) is 40.34%.

Hedge Funds Weigh In On Aramark

A number of large investors have recently bought and sold shares of ARMK. Activest Wealth Management purchased a new position in shares of Aramark in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the third quarter valued at about $28,000. Kestra Advisory Services LLC bought a new position in Aramark in the fourth quarter worth about $32,000. Quarry LP purchased a new stake in shares of Aramark during the third quarter valued at about $35,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Aramark in the 2nd quarter valued at about $40,000.

Aramark Company Profile

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.