Robert W. Baird Has Lowered Expectations for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its target price decreased by stock analysts at Robert W. Baird from $47.00 to $46.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 26.43% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. UBS Group decreased their target price on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus set a $44.00 price target on shares of Aramark in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.67.

Aramark Trading Up 1.0%

NYSE ARMK traded up $0.35 during mid-day trading on Tuesday, reaching $36.39. 958,124 shares of the stock were exchanged, compared to its average volume of 2,114,846. The stock has a market cap of $9.56 billion, a P/E ratio of 27.00 and a beta of 1.24. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. Aramark has a one year low of $29.92 and a one year high of $44.49. The stock has a 50 day simple moving average of $38.49 and a 200-day simple moving average of $39.77.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, analysts anticipate that Aramark will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Aramark

Institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its stake in Aramark by 40,750.0% during the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock valued at $28,000 after acquiring an additional 815 shares in the last quarter. Quarry LP purchased a new stake in shares of Aramark in the third quarter valued at about $35,000. Osterweis Capital Management Inc. bought a new position in shares of Aramark during the second quarter valued at about $40,000. Parallel Advisors LLC boosted its holdings in Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Aramark by 241.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after purchasing an additional 789 shares in the last quarter.

Aramark Company Profile

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.