J.Safra Asset Management Corp Invests $702,000 in Aramark $ARMK

J.Safra Asset Management Corp bought a new stake in Aramark (NYSE:ARMK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,334 shares of the company’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Henshaw Capital LLC boosted its stake in Aramark by 0.3% during the 1st quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after purchasing an additional 225 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Aramark by 5.6% in the first 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 period. Caitong International Asset Management Co. Ltd increased its stake in Aramark by 55.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after purchasing an additional 410 shares during the period. Procyon Advisors LLC raised 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 buying an additional 532 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after buying an additional 573 shares during the period.

Aramark Stock Down 0.0%

Shares of NYSE:ARMK opened at $62.38 on Monday. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $56.30 and its 200-day simple moving average is $48.24. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.10 and a beta of 1.12.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm 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%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts predict that Aramark will post 2.27 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid 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 of this dividend is Wednesday, August 19th. Aramark’s dividend payout ratio is 33.57%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a report on Thursday. New Street Research set a $70.00 price objective on Aramark in a research report on Thursday. Oppenheimer lifted their target price on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Royal Bank Of Canada boosted their target price on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $70.00 price target on shares of Aramark in a research note on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.07.

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.