Aramark (NYSE:ARMK) Stock Price Expected to Rise, Bank of America Analyst Says

Aramark (NYSE:ARMK) had its price objective boosted by equities researchers at Bank of America from $59.00 to $62.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 15.20% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Citigroup reiterated a “buy” rating on shares of Aramark in a research note on Monday, May 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $51.00 price objective on shares of Aramark in a research report on Wednesday, May 13th. Robert W. Baird raised their target price on shares of Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Truist Financial lifted their price objective on shares of Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eleven research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Aramark Stock Down 0.9%

Aramark stock traded down $0.48 during mid-day trading on Tuesday, reaching $53.82. The company’s stock had a trading volume of 2,901,978 shares, compared to its average volume of 3,425,348. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. Aramark has a 12 month low of $35.07 and a 12 month high of $54.42. The business’s 50 day simple moving average is $46.05 and its 200 day simple moving average is $41.30. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21.

Aramark (NYSE:ARMK) last released its 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 business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts anticipate that Aramark will post 2.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARMK. Goldman Sachs Group Inc. grew its position in Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock valued at $16,903,000 after acquiring an additional 135,224 shares during the last quarter. Creative Planning increased its position in Aramark by 36.0% during the 2nd quarter. Creative Planning now owns 9,918 shares of the company’s stock worth $415,000 after purchasing an additional 2,625 shares in the last quarter. Cetera Investment Advisers increased its position in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after purchasing an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Aramark during the 2nd quarter worth approximately $640,000. Finally, Cerity Partners LLC increased its position in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock worth $674,000 after purchasing an additional 6,127 shares in the last quarter.

Aramark Company Profile

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.