Aramark (NYSE:ARMK) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, MarketBeat.com reports. The firm currently has a $49.00 price target on the stock, up from their previous price target of $36.00. Stifel Nicolaus’ target price suggests a potential upside of 24.46% from the company’s previous close.

A number of other equities analysts have also issued reports on ARMK. ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Nomura reissued a “hold” rating and set a $28.00 price objective on shares of Aramark in a research note on Thursday, August 8th. Morgan Stanley set a $34.00 price objective on Aramark and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, TheStreet raised Aramark from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Aramark currently has a consensus rating of “Buy” and an average target price of $42.67.

Shares of NYSE ARMK opened at $39.37 on Monday. The stock has a fifty day moving average price of $36.61 and a two-hundred day moving average price of $33.08. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.04 and a current ratio of 1.22. The firm has a market cap of $9.16 billion, a P/E ratio of 19.78, a PEG ratio of 2.12 and a beta of 0.91. Aramark has a 1 year low of $25.49 and a 1 year high of $43.70.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.99 billion. Aramark had a return on equity of 17.39% and a net margin of 3.33%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. On average, research analysts predict that Aramark will post 2.03 earnings per share for the current fiscal year.

In other news, insider Keith Bethel sold 7,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $37.40, for a total transaction of $280,500.00. Following the completion of the sale, the insider now directly owns 43,692 shares of the company’s stock, valued at approximately $1,634,080.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARMK. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Aramark by 9,798.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,533,675 shares of the company’s stock valued at $104,421,000 after purchasing an additional 3,497,975 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Aramark by 14.3% in the first quarter. BlackRock Inc. now owns 16,018,108 shares of the company’s stock valued at $473,333,000 after purchasing an additional 2,006,743 shares in the last quarter. Sarasin & Partners LLP lifted its holdings in shares of Aramark by 84.1% in the second quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock valued at $142,003,000 after purchasing an additional 1,798,783 shares in the last quarter. Suvretta Capital Management LLC purchased a new stake in shares of Aramark in the second quarter valued at $64,668,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Aramark in the second quarter valued at $54,938,000. Institutional investors own 93.82% 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.

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Analyst Recommendations for Aramark (NYSE:ARMK)

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