Sunriver Management LLC Increases Holdings in Aramark $ARMK

Sunriver Management LLC raised its stake in shares of Aramark (NYSE:ARMK) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,398,349 shares of the company’s stock after purchasing an additional 46,952 shares during the period. Aramark accounts for about 9.6% of Sunriver Management LLC’s investment portfolio, making the stock its biggest holding. Sunriver Management LLC’s holdings in Aramark were worth $56,689,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Aramark in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Aramark during the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Aramark during the 1st quarter valued at approximately $32,000. Kestra Advisory Services LLC purchased a new stake in Aramark in the 4th quarter worth approximately $32,000. Finally, Quarry LP bought a new stake in Aramark during the 3rd quarter worth approximately $35,000.

Aramark Stock Up 0.3%

NYSE ARMK opened at $57.15 on Friday. The stock has a 50 day moving average price of $54.75 and a 200-day moving average price of $46.17. Aramark has a one year low of $35.07 and a one year high of $58.68. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The company has a market capitalization of $15.03 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.08 and a beta of 1.11.

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

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued 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 0.8%. Aramark’s payout ratio is 35.82%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARMK. Robert W. Baird set a $63.00 price target on shares of Aramark in a research report on Friday. Oppenheimer lifted their target price on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $51.00 target price on shares of Aramark in a report on Wednesday, May 13th. Stifel Nicolaus increased their price target on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Citigroup raised their price target on Aramark from $63.00 to $70.50 and gave the company a “buy” rating in a report on Monday, June 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.62.

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.