Aramark (NYSE:ARMK) Trading Up 1.1% - Still a Buy?


Aramark (NYSE:ARMK) Trading Up 1.1%  - Still a Buy?

Shares of Aramark (NYSE:ARMK - Get Free Report) traded up 1.1% on Friday . The stock traded as high as $38.44 and last traded at $38.45. 180,776 shares were traded during trading, a decline of 91% from the average session volume of 1,938,717 shares. The stock had previously closed at $38.02.

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Royal Bank of Canada restated an "outperform" rating and set a $47.00 price objective on shares of Aramark in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Aramark from $41.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Morgan Stanley raised their price objective on Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on Aramark from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Check Out Our Latest Analysis on ARMK

The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 38.45 and a beta of 1.64. The business has a fifty day moving average price of $38.61 and a two-hundred day moving average price of $37.70.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Aramark will post 1.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.105 per share. This is a positive change from Aramark's previous quarterly dividend of $0.00. The ex-dividend date is Monday, February 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.10%. Aramark's dividend payout ratio is 42.42%.

Institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its position in shares of Aramark by 3.6% in the third quarter. CIBC Asset Management Inc now owns 7,621 shares of the company's stock valued at $295,000 after purchasing an additional 265 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Aramark by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company's stock worth $2,002,000 after acquiring an additional 276 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the period. Huntington National Bank grew its position in shares of Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company's stock valued at $26,000 after purchasing an additional 341 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its stake in shares of Aramark by 4.7% in the third quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company's stock worth $299,000 after purchasing an additional 349 shares during the period.

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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