Aramark (NYSE:ARMK) Stock Has Consensus Target Price of $69.25

Aramark (NYSE:ARMK) has earned an average recommendation of “Buy” from the fifteen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.25.

Several analysts have issued reports on ARMK shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. UBS Group reaffirmed a “buy” rating on shares of Aramark in a research report on Tuesday, September 8th. JPMorgan Chase & Co. increased their target price on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Weiss Ratings raised Aramark from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group lifted their target price on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th.

Aramark Trading Up 0.2%

NYSE:ARMK opened at $52.60 on Wednesday. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 0.76 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. Aramark has a 12 month low of $35.07 and a 12 month high of $62.65. The company’s 50 day moving average is $56.58 and its 200-day moving average is $53.93.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts anticipate that Aramark will post 2.27 EPS for the current year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s payout ratio is currently 33.57%.

Institutional Investors Weigh In On Aramark

Institutional investors have recently bought and sold shares of the business. Reyes Financial Architecture Inc. bought a new position in Aramark during the third quarter worth about $29,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aramark in the 1st quarter valued at approximately $32,000. Elevation Wealth Partners LLC raised its holdings in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 597 shares in the last quarter. CX Institutional raised its holdings in shares of Aramark by 76.1% in the 3rd quarter. CX Institutional now owns 694 shares of the company’s stock worth $37,000 after buying an additional 300 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Aramark in the 2nd quarter worth approximately $46,000.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.

Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.