Aramark (NYSE:ARMK) Hits New 1-Year High – What’s Next?

Aramark (NYSE:ARMK) shares reached a new 52-week high on Wednesday . The stock traded as high as $53.66 and last traded at $53.5730, with a volume of 1272815 shares traded. The stock had previously closed at $52.28.

Analyst Upgrades and Downgrades

ARMK has been the topic of several analyst reports. Royal Bank Of Canada increased their target price on shares of Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Stifel Nicolaus increased their target price on shares of Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $51.00 price target on shares of Aramark in a research note on Wednesday, May 13th. Robert W. Baird lifted their price target on shares of Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Aramark in a research note on Monday, May 18th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.25.

Aramark Stock Performance

The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $45.48 and its two-hundred day simple moving average is $41.08. The stock has a market cap of $14.12 billion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts forecast that Aramark will post 2.24 EPS for the current year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Aramark’s payout ratio is currently 35.82%.

Institutional Trading of Aramark

A number of institutional investors have recently made changes to their positions in the business. Henshaw Capital LLC lifted its position in shares of Aramark by 0.3% in the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after purchasing an additional 225 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Aramark in the first quarter worth $226,000. Centaurus Financial Inc. bought a new stake in shares of Aramark in the first quarter worth $1,063,000. Bull Harbor Capital LLC bought a new stake in shares of Aramark in the first quarter worth $678,000. Finally, Strategic Investment Advisors MI bought a new stake in shares of Aramark in the first quarter worth $300,000.

About Aramark

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.