Aramark (ARMK) Director Acquires $800,330.00 in Stock

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.

About Aramark

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).

Insider Buying and Selling by Quarter for Aramark (NYSE:ARMK)

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