Aramark (NYSE:ARMK) Rating Lowered to Sell at StockNews.com

by · The Cerbat Gem

StockNews.com lowered shares of Aramark (NYSE:ARMK – Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other research firms also recently issued reports on ARMK. Bank of America lifted their price target on shares of Aramark from $36.00 to $39.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Aramark from $39.00 to $41.00 and gave the stock an overweight rating in a research note on Monday, September 9th. Oppenheimer lifted their price target on shares of Aramark from $36.00 to $39.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. UBS Group raised their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a buy rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aramark from a hold rating to a buy rating and raised their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $38.95.

Get Our Latest Research Report on ARMK

Aramark Stock Performance

Shares of ARMK stock opened at $38.11 on Tuesday. Aramark has a 52 week low of $25.28 and a 52 week high of $38.99. The company has a market cap of $10.04 billion, a PE ratio of 29.09 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The company’s fifty day simple moving average is $36.64 and its 200-day simple moving average is $34.03.

Aramark (NYSE:ARMK – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Aramark will post 1.55 EPS for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, August 19th. Aramark’s dividend payout ratio (DPR) is presently 29.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of Aramark in the 1st quarter valued at about $25,000. UMB Bank n.a. boosted its stake in Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after purchasing an additional 605 shares during the period. Scarborough Advisors LLC acquired a new position in Aramark during the 4th quarter valued at about $34,000. Twin Tree Management LP boosted its stake in Aramark by 32.0% during the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 345 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Aramark by 319.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock valued at $57,000 after purchasing an additional 1,277 shares during the period.

About Aramark

(Get Free Report)

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.

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