SaddleRock Capital Management LLC Buys Shares of 158,335 Aramark $ARMK

SaddleRock Capital Management LLC acquired a new position in Aramark (NYSE:ARMK) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 158,335 shares of the company’s stock, valued at approximately $9,009,000. Aramark makes up about 8.7% of SaddleRock Capital Management LLC’s holdings, making the stock its 5th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Aramark by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after acquiring an additional 135,224 shares during the last quarter. Creative Planning grew its position in shares of Aramark by 36.0% in the second quarter. Creative Planning now owns 9,918 shares of the company’s stock valued at $415,000 after purchasing an additional 2,625 shares during the last quarter. Cetera Investment Advisers lifted its stake in Aramark by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after buying an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Aramark during the 2nd quarter valued at $640,000. Finally, Cerity Partners LLC grew its holdings in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock valued at $674,000 after buying an additional 6,127 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price target on shares of Aramark in a report on Wednesday, August 12th. New Street Research set a $70.00 target price on shares of Aramark in a research report on Thursday, August 13th. Oppenheimer lifted their target price on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $74.00 price target on shares of Aramark in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group boosted their target price on shares of Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.14.

Aramark Stock Down 0.7%

Shares of NYSE:ARMK opened at $59.32 on Tuesday. The stock has a 50-day simple moving average of $57.06 and a 200-day simple moving average of $49.15. The stock has a market capitalization of $15.64 billion, a P/E ratio of 41.49, a PEG ratio of 1.05 and a beta of 1.12. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. Aramark’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts forecast that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Aramark’s dividend payout ratio is presently 33.57%.

Aramark Company 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.