Aramark (NYSE:ARMK) Shares Break Above 200-Day Moving Average – Should You Sell?

Aramark (NYSE:ARMK)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $50.37 and traded as high as $53.07. Aramark shares last traded at $52.4860, with a volume of 4,505,271 shares traded.

Analyst Ratings Changes

ARMK has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their target price on Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Truist Financial upped their target price on Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Stifel Nicolaus increased their target price on Aramark from $54.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Citigroup raised their price target on shares of Aramark from $74.00 to $75.50 and gave the stock a “buy” rating in a research report on Monday, October 12th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.25.

Aramark Trading Up 4.3%

The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 0.77 and a beta of 1.10. The business’s fifty day simple moving average is $55.46 and its 200 day simple moving average is $50.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts predict that Aramark will post 2.27 EPS for the current year.

Institutional Investors Weigh In On Aramark

Several institutional investors and hedge funds have recently bought and sold shares of ARMK. Oregon Public Employees Retirement Fund lifted its stake in Aramark by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 54,572 shares of the company’s stock valued at $2,922,000 after buying an additional 200 shares during the period. Henshaw Capital LLC grew its position in shares of Aramark by 0.3% during the 1st quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after buying an additional 225 shares during the period. Tidal Investments LLC grew its position in shares of Aramark by 0.7% during the 2nd quarter. Tidal Investments LLC now owns 34,983 shares of the company’s stock worth $1,991,000 after buying an additional 237 shares during the period. North Dakota State Investment Board grew its position in shares of Aramark by 3.4% during the 3rd quarter. North Dakota State Investment Board now owns 8,022 shares of the company’s stock worth $430,000 after buying an additional 262 shares during the period. Finally, CX Institutional increased its stake in shares of Aramark by 76.1% in the 3rd quarter. CX Institutional now owns 694 shares of the company’s stock valued at $37,000 after acquiring an additional 300 shares during the last quarter.

About Aramark

Aramark provides food and facilities management services to organizations around the world. Its clients include schools and universities, hospitals and other healthcare providers, businesses, sports and entertainment venues, and correctional institutions.

The company plans and operates dining programs, including meal preparation, catering, concessions, and retail food services. It also provides facilities services such as maintenance, cleaning, and related operational support tailored to client needs.

Aramark traces its origins to a vending business founded by Davre Davidson in 1936.