Aramark (NYSE:ARMK) Price Target Raised to $70.00

Aramark (NYSE:ARMK) had its price objective upped by Royal Bank Of Canada from $60.00 to $70.00 in a research report released on Wednesday, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts have also weighed in on the company. New Street Research set a $70.00 target price on Aramark in a report on Thursday, August 13th. Truist Financial increased their price target on Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Morgan Stanley set a $63.00 price target on Aramark in a research report on Tuesday, August 11th. Jefferies Financial Group lifted their price objective on Aramark from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Aramark Stock Up 0.6%

Shares of NYSE:ARMK opened at $59.71 on Wednesday. The company has a 50 day moving average price of $56.95 and a two-hundred day moving average price of $48.93. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The company has a market capitalization of $15.74 billion, a PE ratio of 41.76, a PEG ratio of 1.04 and a beta of 1.12. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts forecast that Aramark will post 2.27 earnings per share for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark’s dividend payout ratio is presently 33.57%.

Institutional Trading of Aramark

Several hedge funds and other institutional investors have recently modified their holdings of ARMK. Activest Wealth Management acquired a new position in shares of Aramark during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Aramark in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in Aramark in the 1st quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new position in Aramark during the 4th quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC boosted its position in Aramark by 2,842.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 597 shares during the last quarter.

About Aramark

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.