Aramark (NYSE:ARMK) Director Stephen I. Sadove purchased 6,000 shares of Aramark stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average price of $32.72 per share, with a total value of $196,320.00. Following the transaction, the director now owns 37,314 shares in the company, valued at $1,220,914.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NYSE ARMK traded up $0.60 during trading hours on Thursday, hitting $32.71. 6,025,758 shares of the company’s stock traded hands, compared to its average volume of 1,939,789. Aramark has a 52-week low of $30.78 and a 52-week high of $46.09. The stock has a market cap of $7.69 billion, a PE ratio of 16.44, a P/E/G ratio of 1.12 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Aramark had a net margin of 3.60% and a return on equity of 17.76%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Aramark’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Aramark will post 2.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 6th. Stockholders of record on Monday, November 26th were paid a $0.11 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, November 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. Aramark’s dividend payout ratio is 22.11%.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Aramark by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 20,930,336 shares of the company’s stock valued at $900,423,000 after buying an additional 217,046 shares during the period. Morgan Stanley grew its stake in shares of Aramark by 74.4% in the 3rd quarter. Morgan Stanley now owns 848,166 shares of the company’s stock valued at $36,488,000 after buying an additional 361,697 shares during the period. Legal & General Group Plc grew its stake in shares of Aramark by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 1,140,938 shares of the company’s stock valued at $49,084,000 after buying an additional 23,514 shares during the period. Captrust Financial Advisors grew its stake in shares of Aramark by 236.4% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $190,000 after buying an additional 3,101 shares during the period. Finally, Man Group plc grew its stake in shares of Aramark by 175.7% in the 3rd quarter. Man Group plc now owns 102,149 shares of the company’s stock valued at $4,394,000 after buying an additional 65,100 shares during the period. 99.63% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Nomura dropped their price objective on shares of Aramark from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. Royal Bank of Canada dropped their price objective on shares of Aramark to $44.00 and set an “outperform” rating for the company in a research note on Thursday. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating and set a $35.00 price objective on shares of Aramark in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Aramark from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $45.40.

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About Aramark

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

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