Franklin Street Advisors Inc. NC Grows Holdings in Aramark (NYSE:ARMK)

Franklin Street Advisors Inc. NC increased its position in shares of Aramark (NYSE:ARMK) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,006 shares of the company’s stock after purchasing an additional 1,262 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Aramark were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARMK. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Aramark by 14.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,066 shares of the company’s stock worth $973,000 after purchasing an additional 3,312 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Aramark by 7.4% during the fourth quarter. Summit Trail Advisors LLC now owns 13,214 shares of the company’s stock worth $493,000 after purchasing an additional 916 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Aramark by 42.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company’s stock worth $7,470,000 after acquiring an additional 59,225 shares during the period. Rhumbline Advisers raised its position in Aramark by 0.8% in the fourth quarter. Rhumbline Advisers now owns 723,090 shares of the company’s stock worth $26,978,000 after acquiring an additional 6,034 shares during the period. Finally, Sanctuary Advisors LLC raised its position in Aramark by 16.0% in the fourth quarter. Sanctuary Advisors LLC now owns 8,761 shares of the company’s stock worth $347,000 after acquiring an additional 1,209 shares during the period.

Analyst Ratings Changes

Several analysts have commented on ARMK shares. Citigroup started coverage on shares of Aramark in a research report on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective on the stock. UBS Group lifted their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Morgan Stanley lifted their price objective on shares of Aramark from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Aramark Stock Performance

NYSE ARMK opened at $39.58 on Wednesday. The company’s 50 day moving average is $36.10 and its 200-day moving average is $37.06. Aramark has a 12-month low of $29.92 and a 12-month high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $10.37 billion, a P/E ratio of 31.16 and a beta of 1.28.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.06%. Aramark’s dividend payout ratio is currently 32.31%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.