Aramark (NYSE:ARMK) Stock Has Average Price Target of $69.14

Aramark (NYSE:ARMK) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $69.14.

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada boosted their target price on Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their target price on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group lifted their price target on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th.

Aramark Price Performance

ARMK opened at $54.25 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 0.96 and a beta of 1.12. The firm’s fifty day moving average price is $57.65 and its two-hundred day moving average price is $52.10. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65.

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

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Aramark’s dividend payout ratio (DPR) is currently 33.57%.

Hedge Funds Weigh In On Aramark

A number of hedge funds and other institutional investors have recently made changes to their positions in ARMK. Public Employees Retirement System of Ohio purchased a new position in Aramark in the second quarter valued at approximately $4,248,000. Bank of America Corp DE purchased a new stake in Aramark in the second quarter worth $137,742,000. BlackRock Inc. bought a new stake in shares of Aramark in the second quarter valued at $1,411,586,000. Corient Private Wealth LP raised its stake in shares of Aramark by 477.3% in the second quarter. Corient Private Wealth LP now owns 65,214 shares of the company’s stock valued at $3,711,000 after buying an additional 53,917 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Aramark during the 2nd quarter valued at $1,001,000.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services and facilities management solutions. The company serves organizations across education, healthcare, business and industry, sports and leisure, corrections, and other institutional markets.

Its food services include dining operations, catering, concessions, hospitality, and culinary programs. Aramark also provides facilities services such as housekeeping, plant operations, maintenance, workplace services, and related support programs designed to help clients manage their physical environments.

Headquartered in Philadelphia, Aramark serves customers in the United States and internationally.