Zacks Investment Research downgraded shares of Aramark (NYSE:ARMK) from a buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA. “

Several other brokerages have also recently commented on ARMK. Stifel Nicolaus upgraded shares of Aramark from a hold rating to a buy rating and increased their target price for the stock from $36.00 to $49.00 in a report on Monday, August 19th. Royal Bank of Canada set a $49.00 target price on shares of Aramark and gave the stock a buy rating in a report on Monday, August 26th. TheStreet upgraded shares of Aramark from a c+ rating to a b- rating in a report on Friday, July 5th. Robert W. Baird increased their target price on shares of Aramark from $40.00 to $44.00 and gave the stock a neutral rating in a report on Monday, August 19th. Finally, Oppenheimer started coverage on shares of Aramark in a report on Thursday, August 22nd. They set an outperform rating and a $50.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Aramark currently has an average rating of Buy and a consensus target price of $45.58.

Shares of ARMK opened at $44.06 on Tuesday. Aramark has a 12 month low of $25.49 and a 12 month high of $44.40. The firm has a fifty day simple moving average of $42.41 and a 200 day simple moving average of $36.13. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.29 and a beta of 0.90. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 6th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts predict that Aramark will post 2.04 earnings per share for the current fiscal year.

In related news, insider Keith Bethel sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the transaction, the insider now directly owns 43,692 shares of the company’s stock, valued at $1,634,080.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Aramark in the 2nd quarter valued at approximately $32,000. Cerebellum GP LLC acquired a new stake in shares of Aramark in the 3rd quarter valued at approximately $127,000. Squar Milner Financial Services LLC boosted its stake in shares of Aramark by 8.4% in the 2nd quarter. Squar Milner Financial Services LLC now owns 3,712 shares of the company’s stock valued at $134,000 after purchasing an additional 288 shares in the last quarter. Machina Capital S.A.S. boosted its stake in shares of Aramark by 18.3% in the 2nd quarter. Machina Capital S.A.S. now owns 5,456 shares of the company’s stock valued at $197,000 after purchasing an additional 844 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of Aramark in the 2nd quarter valued at approximately $206,000. Institutional investors own 98.52% of the company’s stock.

About Aramark

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

Featured Story: What is the Gross Domestic Product (GDP)?

Get a free copy of the Zacks research report on Aramark (ARMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.