Prana Capital Management LP Purchases Shares of 45,279 Aramark $ARMK

Prana Capital Management LP purchased a new position in shares of Aramark (NYSE:ARMK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,279 shares of the company’s stock, valued at approximately $1,739,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the 3rd quarter worth approximately $28,000. Quarry LP acquired a new position in Aramark during the 3rd quarter valued at approximately $35,000. Osterweis Capital Management Inc. purchased a new position in shares of Aramark in the second quarter worth $40,000. Clearstead Advisors LLC lifted its stake in shares of Aramark by 241.8% during the third quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock worth $59,000 after buying an additional 1,093 shares during the period. Finally, Rothschild Investment LLC lifted its stake in shares of Aramark by 3,892.3% during the third quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock worth $60,000 after buying an additional 1,518 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird set a $50.00 target price on Aramark in a research report on Wednesday, February 11th. Citigroup lifted their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Truist Financial increased their price objective on Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Bank of America started coverage on Aramark in a research note on Tuesday, February 17th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Morgan Stanley set a $45.00 target price on Aramark in a report on Tuesday, February 10th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.38.

Aramark Trading Up 1.1%

NYSE ARMK opened at $40.90 on Wednesday. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. The company has a market capitalization of $10.75 billion, a PE ratio of 34.37, a P/E/G ratio of 0.98 and a beta of 1.06. The company has a fifty day moving average of $39.67 and a 200 day moving average of $38.66.

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

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, February 18th. Aramark’s dividend payout ratio (DPR) is currently 40.34%.

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.