Cetera Investment Advisers Acquires 14,809 Shares of Aramark $ARMK

Cetera Investment Advisers lifted its holdings in shares of Aramark (NYSE:ARMK) by 151.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,597 shares of the company’s stock after acquiring an additional 14,809 shares during the period. Cetera Investment Advisers’ holdings in Aramark were worth $997,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ARMK. Fifth Third Wealth Advisors LLC boosted its stake in Aramark by 5.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after purchasing an additional 339 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Aramark by 55.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock worth $42,000 after purchasing an additional 410 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of Aramark by 5.3% in the first quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock valued at $429,000 after purchasing an additional 532 shares in the last quarter. Danske Bank A S lifted its holdings in shares of Aramark by 37.5% in the fourth quarter. Danske Bank A S now owns 2,200 shares of the company’s stock valued at $81,000 after purchasing an additional 600 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Aramark by 34.1% during the first quarter. Bessemer Group Inc. now owns 2,599 shares of the company’s stock valued at $106,000 after buying an additional 661 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group increased their price target on Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America upped their target price on shares of Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Citigroup increased their target price on shares of Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer raised their price target on shares of Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Aramark in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Aramark has an average rating of “Moderate Buy” and an average price target of $68.07.

Aramark Trading Up 2.1%

Shares of ARMK opened at $62.38 on Friday. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65. The stock has a market cap of $16.44 billion, a PE ratio of 43.62, a P/E/G ratio of 1.08 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The business’s 50-day moving average price is $56.30 and its 200-day moving average price is $48.17.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. Aramark’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities analysts forecast that Aramark will post 2.26 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s payout ratio is 33.57%.

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.