Freestone Grove Partners LP Purchases New Position in Aramark $ARMK

Freestone Grove Partners LP purchased a new stake in Aramark (NYSE:ARMK) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 250,607 shares of the company’s stock, valued at approximately $14,260,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARMK. BlackRock Inc. purchased a new position in shares of Aramark during the 2nd quarter valued at approximately $1,411,586,000. Jupiter Topco LLC purchased a new stake in Aramark during the second quarter worth $1,041,407,000. AQR Capital Management LLC boosted its holdings in Aramark by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock worth $326,580,000 after buying an additional 5,492,046 shares in the last quarter. Milford Funds Ltd. acquired a new stake in Aramark during the fourth quarter valued at $181,204,000. Finally, Norges Bank purchased a new position in Aramark in the fourth quarter valued at $128,738,000.

Aramark Stock Down 1.1%

ARMK stock opened at $58.88 on Friday. Aramark has a 52 week low of $35.07 and a 52 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 has a 50-day simple moving average of $57.38 and a 200-day simple moving average of $49.59. The stock has a market capitalization of $15.52 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.05 and a beta of 1.12.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the company posted $0.40 EPS. Aramark’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts forecast that Aramark will post 2.27 earnings per share 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 paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. Aramark’s payout ratio is currently 33.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ARMK shares. Citigroup upped their price objective on shares of Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. UBS Group upped their price target on Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Robert W. Baird increased their price target on Aramark from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their price objective on Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings downgraded Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Twelve 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.14.

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.