Aramark (NYSE:ARMK) Price Target Raised to $58.00

Aramark (NYSE:ARMK) had its target price upped by Truist Financial from $50.00 to $58.00 in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus raised their price objective on Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley set a $45.00 price objective on Aramark in a research report on Tuesday, February 10th. Oppenheimer raised their price objective on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $54.00 price objective on shares of Aramark in a research report on Wednesday. Finally, Robert W. Baird lifted their price target on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Aramark Price Performance

Shares of Aramark stock opened at $53.08 on Wednesday. The stock has a 50 day moving average of $43.35 and a 200 day moving average of $40.19. Aramark has a 12 month low of $35.07 and a 12 month high of $53.57. The firm has a market cap of $13.96 billion, a PE ratio of 39.61, a PEG ratio of 1.11 and a beta of 1.08. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.85.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts expect that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, May 20th. Aramark’s payout ratio is 40.34%.

Institutional Investors Weigh In On Aramark

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Aramark by 102.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock worth $50,700,000 after purchasing an additional 667,528 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Aramark by 166.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock worth $43,450,000 after purchasing an additional 706,677 shares during the last quarter. Junto Capital Management LP acquired a new position in shares of Aramark during the 3rd quarter worth approximately $132,157,000. Fisher Asset Management LLC boosted its holdings in shares of Aramark by 73.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock worth $56,398,000 after purchasing an additional 622,430 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Aramark by 525.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock worth $1,531,000 after purchasing an additional 33,507 shares during 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.