Aramark (ARMK) Earns Buy Rating from Analysts at Stifel Nicolaus

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.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the company posted $0.49 earnings per share. Aramark’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts anticipate that Aramark will post 1.96 EPS for the current year.

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).

Analyst Recommendations for Aramark (NYSE:ARMK)

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