Aramark (NYSE:ARMK) Stock Gets Downgrade from Zacks Research

Aramark (NYSE:ARMK) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities research analysts have also recently weighed in on ARMK. Jefferies Financial Group boosted their target price on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Citigroup increased their price target on shares of Aramark from $74.00 to $75.50 and gave the company a “buy” rating in a research note on Monday, October 12th. The Goldman Sachs Group restated a “buy” rating and issued a $70.00 target price on shares of Aramark in a report on Wednesday, August 12th. New Street Research set a $70.00 target price on shares of Aramark in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $74.00 target price on shares of Aramark in a research report on Wednesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus target price of $69.25.

Aramark Stock Down 4.1%

Shares of NYSE ARMK opened at $52.36 on Tuesday. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The business has a 50-day moving average of $55.77 and a two-hundred day moving average of $50.25. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65.

Aramark (NYSE:ARMK) last released its quarterly earnings data 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. Aramark had a return on equity of 17.68% and a net margin of 1.93%. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business’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. On average, analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Aramark during the second quarter worth approximately $1,411,586,000. Jupiter Topco LLC acquired a new position in shares of Aramark in the 2nd quarter valued at $1,041,407,000. Bank of New York Mellon Corp purchased a new stake in Aramark in the 2nd quarter valued at $140,853,000. Bank of America Corp DE purchased a new stake in Aramark in the 2nd quarter valued at $137,742,000. Finally, PointState Capital LP purchased a new stake in Aramark in the 2nd quarter valued at $135,077,000.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.

Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.