Farallon Capital Management LLC Has $345.45 Million Position in Aramark $ARMK

Farallon Capital Management LLC reduced its stake in shares of Aramark (NYSE:ARMK) by 30.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,996,202 shares of the company’s stock after selling 3,903,499 shares during the period. Aramark accounts for 1.4% of Farallon Capital Management LLC’s holdings, making the stock its 19th biggest position. Farallon Capital Management LLC’s holdings in Aramark were worth $345,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Osterweis Capital Management Inc. purchased a new stake in shares of Aramark during the second quarter worth $40,000. Clearstead Advisors LLC grew its stake in Aramark by 241.8% in the third quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 1,093 shares in the last quarter. Rothschild Investment LLC increased its position in Aramark by 3,892.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock worth $60,000 after purchasing an additional 1,518 shares during the last quarter. Bayforest Capital Ltd increased its position in Aramark by 75.1% in the 3rd quarter. Bayforest Capital Ltd now owns 2,124 shares of the company’s stock worth $82,000 after purchasing an additional 911 shares during the last quarter. Finally, Steph & Co. raised its stake in shares of Aramark by 10.0% during the 3rd quarter. Steph & Co. now owns 3,352 shares of the company’s stock worth $129,000 after purchasing an additional 306 shares in the last quarter.

Aramark Stock Performance

Shares of NYSE ARMK opened at $40.00 on Monday. The business’s 50-day simple moving average is $39.57 and its 200-day simple moving average is $38.64. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.13 and a current ratio of 1.27. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 0.97 and a beta of 1.06.

Aramark (NYSE:ARMK) last posted its 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 firm 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%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, February 18th. Aramark’s payout ratio is presently 40.34%.

Analyst Ratings Changes

ARMK has been the subject of several recent research reports. Morgan Stanley set a $45.00 price target on Aramark in a research note on Tuesday, February 10th. Truist Financial raised their price objective on shares of Aramark from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. UBS Group set a $47.00 price target on shares of Aramark and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus raised their price target on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark 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.