Research analysts at Stifel Nicolaus started coverage on shares of Aramark (NYSE:ARMK) in a report released on Tuesday. The brokerage set a “buy” rating and a $50.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.50% from the stock’s current price.

A number of other research firms also recently weighed in on ARMK. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Barclays restated a “hold” rating and issued a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Nomura increased their price target on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Royal Bank of Canada increased their price target on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.57.

Aramark (NYSE ARMK) opened at $42.92 on Tuesday. Aramark has a 12 month low of $32.87 and a 12 month high of $44.12. The company has a market capitalization of $10,411.70, a price-to-earnings ratio of 24.01, a PEG ratio of 1.80 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a return on equity of 19.29% and a net margin of 2.56%. Aramark’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. sell-side analysts predict that Aramark will post 1.96 earnings per share for the current fiscal year.

In related news, Director Sanjeev K. Mehra acquired 19,640 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in Aramark by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after acquiring an additional 374 shares in the last quarter. Howard Hughes Medical Institute lifted its position in Aramark by 0.7% in the 2nd quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock valued at $2,353,000 after acquiring an additional 382 shares in the last quarter. Utah Retirement Systems lifted its position in Aramark by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock valued at $1,824,000 after acquiring an additional 400 shares in the last quarter. Toronto Dominion Bank lifted its position in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Aramark by 9.9% in the 2nd quarter. Advisory Services Network LLC now owns 7,930 shares of the company’s stock valued at $325,000 after acquiring an additional 713 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Analyst Recommendations for Aramark (NYSE:ARMK)

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