Research analysts at Stifel Nicolaus began coverage on shares of Aramark (NYSE:ARMK) in a report issued on Tuesday. The firm set a “buy” rating on the stock.
Other research analysts also recently issued reports about the company. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Nomura boosted their price target on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada reissued a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Barclays reissued a “hold” rating and issued a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.83.
Shares of Aramark (NYSE:ARMK) traded up $0.41 during trading hours on Tuesday, reaching $42.90. The company’s stock had a trading volume of 1,938,963 shares, compared to its average volume of 1,377,640. Aramark has a one year low of $32.87 and a one year high of $44.12. The firm has a market capitalization of $10,401.90, a P/E ratio of 23.98, a PEG ratio of 1.80 and a beta of 0.47. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after buying an additional 483 shares during the period. Advisor Group Inc. raised its stake in shares of Aramark by 85.7% during the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after buying an additional 1,542 shares during the period. Acrospire Investment Management LLC raised its stake in shares of Aramark by 98.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after buying an additional 1,800 shares during the period. Pacer Advisors Inc. raised its stake in shares of Aramark by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after buying an additional 374 shares during the period. Finally, Highlander Capital Management LLC acquired a new position in shares of Aramark during the 3rd quarter worth approximately $203,000. 95.46% of the stock is owned by institutional investors and hedge funds.
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Aramark Company Profile
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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