Aramark (NYSE:ARMK) Hits New 1-Year High – Here’s Why

Aramark (NYSE:ARMK) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $55.17 and last traded at $55.2540, with a volume of 52553 shares changing hands. The stock had previously closed at $54.78.

Analyst Ratings Changes

A number of analysts recently commented on ARMK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Oppenheimer lifted their price target on shares of Aramark from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. UBS Group increased their price objective on shares of Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Aramark in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.96.

Aramark Stock Up 2.0%

The firm has a market cap of $14.70 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. The firm’s 50 day moving average is $50.39 and its two-hundred day moving average is $43.37. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts anticipate that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s dividend payout ratio is currently 35.82%.

Hedge Funds Weigh In On Aramark

Several institutional investors have recently modified their holdings of ARMK. Parallel Advisors LLC increased its stake in Aramark by 67.7% during the 1st quarter. Parallel Advisors LLC now owns 1,749 shares of the company’s stock worth $71,000 after purchasing an additional 706 shares in the last quarter. Henshaw Capital LLC boosted its holdings in shares of Aramark by 0.3% in the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock valued at $3,118,000 after buying an additional 225 shares during the period. Glenmede Trust Co. NA bought a new stake in shares of Aramark during the first quarter worth $226,000. Centaurus Financial Inc. acquired a new stake in shares of Aramark during the first quarter worth $1,063,000. Finally, Bull Harbor Capital LLC acquired a new stake in shares of Aramark during the first quarter worth $678,000.

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.