Aramark (NYSE:ARMK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aramark (NYSE:ARMK) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.20.

ARMK has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Aramark in a research report on Tuesday, October 14th. Robert W. Baird upgraded shares of Aramark from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, August 6th. Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group decreased their target price on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Finally, Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th.

Aramark Stock Performance

Shares of ARMK opened at $38.04 on Wednesday. The company’s 50 day moving average price is $38.56 and its 200 day moving average price is $39.64. The company has a market capitalization of $10.00 billion, a PE ratio of 28.18 and a beta of 1.24. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29.

Hedge Funds Weigh In On Aramark

Large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in Aramark by 29.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock worth $607,756,000 after purchasing an additional 4,012,162 shares during the last quarter. Norges Bank acquired a new stake in Aramark during the second quarter worth about $135,218,000. Fiduciary Management Inc. WI grew its holdings in shares of Aramark by 13.8% during the 1st quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after purchasing an additional 1,582,890 shares in the last quarter. Soros Fund Management LLC acquired a new stake in shares of Aramark during the 2nd quarter valued at about $64,902,000. Finally, Junto Capital Management LP bought a new stake in shares of Aramark in the 1st quarter valued at approximately $46,499,000.

Aramark Company 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.