Aramark (NYSE:ARMK) Now Covered by Bank of America

Bank of America assumed coverage on shares of Aramark (NYSE:ARMK) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $50.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 28.22% from the stock’s current price.

Other analysts also recently issued research reports about the company. Morgan Stanley set a $45.00 target price on Aramark in a research report on Tuesday, February 10th. Robert W. Baird set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 11th. UBS Group set a $47.00 price objective on Aramark and gave the company a “buy” rating in a research note on Wednesday, February 11th. Stifel Nicolaus increased their target price on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Citigroup lifted their price target on Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Aramark presently has an average rating of “Moderate Buy” and an average price target of $48.14.

Aramark Trading Down 0.4%

Shares of Aramark stock opened at $38.99 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. Aramark has a 1 year low of $29.92 and a 1 year high of $44.49. The firm has a market cap of $10.25 billion, a PE ratio of 32.77, a PEG ratio of 1.07 and a beta of 1.09. The company has a 50 day simple moving average of $38.39 and a two-hundred day simple moving average of $38.55.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ARMK. Envestnet Asset Management Inc. increased its stake in shares of Aramark by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 497,078 shares of the company’s stock valued at $20,813,000 after purchasing an additional 16,180 shares in the last quarter. Leeward Investments LLC MA grew its stake in shares of Aramark by 19.8% in the 2nd quarter. Leeward Investments LLC MA now owns 242,407 shares of the company’s stock worth $10,150,000 after buying an additional 40,148 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Aramark by 525.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,884 shares of the company’s stock valued at $1,531,000 after buying an additional 33,507 shares during the last quarter. ING Groep NV bought a new stake in Aramark in the third quarter worth $3,733,000. Finally, Great Lakes Advisors LLC increased its holdings in shares of Aramark by 33.1% during the third quarter. Great Lakes Advisors LLC now owns 123,841 shares of the company’s stock valued at $4,755,000 after acquiring an additional 30,815 shares in the last quarter.

Aramark Company 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.