Aramark (NYSE:ARMK) Hits New 1-Year High – What’s Next?

Aramark (NYSE:ARMK)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $57.13 and last traded at $56.0090, with a volume of 2664154 shares. The stock had previously closed at $56.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ARMK shares. Citigroup increased their price objective on shares of Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Oppenheimer increased their target price on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday. Robert W. Baird upped their price target on Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 target price on shares of Aramark in a research note on Wednesday, May 13th. Finally, Bank of America boosted their price objective on Aramark from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.29.

Aramark Trading Down 1.6%

The firm has a fifty day simple moving average of $51.31 and a 200-day simple moving average of $43.91. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The firm has a market cap of $14.73 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 1.84% and a return on equity of 17.05%. Aramark’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts expect that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s payout ratio is currently 35.82%.

Institutional Investors Weigh In On Aramark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Junto Capital Management LP bought a new stake in shares of Aramark during the 3rd quarter worth $132,157,000. Fisher Asset Management LLC grew its stake in Aramark by 73.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock valued at $56,398,000 after buying an additional 622,430 shares in the last quarter. Capital International Investors grew its position in shares of Aramark by 2.4% in the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock valued at $946,455,000 after purchasing an additional 580,215 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Aramark by 102.3% during the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after buying an additional 667,528 shares during the period. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Aramark during the 3rd quarter worth approximately $640,000.

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.