Aramark (NYSE:ARMK) Director Sanjeev K. Mehra purchased 19,640 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $40.75 per share, for a total transaction of $800,330.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Aramark (NYSE:ARMK) traded up $0.35 during mid-day trading on Monday, hitting $41.17. 998,642 shares of the stock traded hands, compared to its average volume of 1,395,743. The company has a market cap of $10,060.00, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. Aramark has a 12-month low of $32.87 and a 12-month high of $44.12. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.34.
Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a net margin of 2.56% and a return on equity of 19.69%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. equities analysts expect that Aramark will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. This is an increase from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 24th. Aramark’s dividend payout ratio (DPR) is presently 27.70%.
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Several research analysts have weighed in on ARMK shares. BidaskClub downgraded shares of Aramark from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada increased their price target on shares of Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Nomura decreased their price target on shares of Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley increased their price target on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and an average target price of $44.83.
Several hedge funds have recently made changes to their positions in ARMK. New York State Teachers Retirement System bought a new stake in shares of Aramark during the 1st quarter valued at $793,000. Capstone Asset Management Co. purchased a new position in Aramark during the second quarter valued at $208,000. Bank of Montreal Can grew its stake in Aramark by 11.5% during the second quarter. Bank of Montreal Can now owns 23,097 shares of the company’s stock valued at $947,000 after acquiring an additional 2,373 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Aramark by 544.8% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 39,987 shares of the company’s stock valued at $1,639,000 after acquiring an additional 33,786 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in Aramark by 116.8% during the second quarter. LS Investment Advisors LLC now owns 7,958 shares of the company’s stock valued at $326,000 after acquiring an additional 4,288 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.
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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