Steph & Co. Acquires Shares of 3,046 Aramark $ARMK

Steph & Co. acquired a new stake in shares of Aramark (NYSE:ARMK) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,046 shares of the company’s stock, valued at approximately $128,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA lifted its holdings in Aramark by 29.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock valued at $607,756,000 after purchasing an additional 4,012,162 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock valued at $450,059,000 after purchasing an additional 1,582,890 shares in the last quarter. Junto Capital Management LP purchased a new position in Aramark during the first quarter valued at $46,499,000. Nuveen LLC purchased a new position in Aramark during the first quarter valued at $37,476,000. Finally, Egerton Capital UK LLP lifted its holdings in Aramark by 79.0% during the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock valued at $71,633,000 after purchasing an additional 916,054 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 30th. Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird raised shares of Aramark from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $47.00 in a research note on Wednesday, August 6th. UBS Group set a $46.00 price target on shares of Aramark and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Aramark presently has an average rating of “Buy” and a consensus price target of $45.44.

Aramark Price Performance

Aramark stock opened at $37.67 on Friday. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The stock has a market cap of $9.90 billion, a P/E ratio of 27.90 and a beta of 1.22. The company has a 50-day moving average price of $39.94 and a 200 day moving average price of $38.30. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the business earned $0.31 earnings per share. Aramark’s revenue was up 5.7% compared to the same quarter last year. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.1%. Aramark’s dividend payout ratio (DPR) is currently 31.11%.

About Aramark

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.