Aramark $ARMK Position Reduced by Farallon Capital Management LLC

Farallon Capital Management LLC trimmed its position in Aramark (NYSE:ARMK) by 30.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,996,202 shares of the company’s stock after selling 3,903,499 shares during the period. Aramark makes up about 1.4% of Farallon Capital Management LLC’s portfolio, making the stock its 19th largest holding. Farallon Capital Management LLC owned 3.42% of Aramark worth $345,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Aramark in the 2nd quarter worth $135,218,000. AQR Capital Management LLC boosted its stake in Aramark by 281.1% during the third quarter. AQR Capital Management LLC now owns 3,367,964 shares of the company’s stock valued at $129,296,000 after buying an additional 2,484,319 shares in the last quarter. Soros Fund Management LLC acquired a new position in Aramark during the second quarter worth about $64,902,000. Ilex Capital Partners UK LLP bought a new stake in Aramark in the second quarter worth about $52,142,000. Finally, Sunriver Management LLC bought a new stake in Aramark in the second quarter worth about $51,865,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ARMK shares. Bank of America initiated coverage on shares of Aramark in a research report on Tuesday, February 17th. They set a “buy” rating and a $50.00 price objective for the company. Morgan Stanley set a $45.00 target price on shares of Aramark in a report on Tuesday, February 10th. UBS Group set a $47.00 target price on shares of Aramark and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research report on Monday, December 29th. Finally, Stifel Nicolaus upped their price target on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.

Aramark Stock Performance

Shares of ARMK stock opened at $40.00 on Monday. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 0.97 and a beta of 1.06. Aramark has a 1-year low of $29.92 and a 1-year high of $44.49. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. The stock’s fifty day simple moving average is $39.57 and its 200-day simple moving average is $38.64.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Aramark’s dividend payout ratio is 40.34%.

Aramark 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.