Aramark (NYSE:ARMK) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Aramark from “hold” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with a $69.14 average price target.
• Several major firms maintain bullish views, including Goldman Sachs, RBC, JPMorgan, and Deutsche Bank, with price targets ranging from $70 to $74.
• Aramark recently exceeded quarterly expectations, reporting $0.52 in earnings per share versus the $0.48 consensus and $5.06 billion in revenue, up 9.3% year over year.

Aramark (NYSE:ARMK - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday, Zacks reports.

Several other research analysts have also issued reports on ARMK. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $70.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Royal Bank Of Canada upped their target price on shares of Aramark from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. raised their price target on Aramark from $55.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $74.00 price objective on shares of Aramark in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised Aramark from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.14.

Aramark Price Performance

ARMK opened at $55.49 on Monday. The stock has a market capitalization of $14.63 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The company's 50 day simple moving average is $57.39 and its 200-day simple moving average is $52.73. Aramark has a one year low of $35.07 and a one year high of $62.65.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts anticipate that Aramark will post 2.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aramark

Several institutional investors have recently modified their holdings of the business. Henshaw Capital LLC boosted its position in Aramark by 0.3% during the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company's stock valued at $3,118,000 after acquiring an additional 225 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Aramark by 0.7% during the 2nd quarter. Tidal Investments LLC now owns 34,983 shares of the company's stock valued at $1,991,000 after purchasing an additional 237 shares in the last quarter. CX Institutional increased its holdings in Aramark by 76.1% in the third quarter. CX Institutional now owns 694 shares of the company's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Aramark by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 72,524 shares of the company's stock valued at $4,127,000 after acquiring an additional 337 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Aramark by 5.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company's stock worth $261,000 after acquiring an additional 339 shares in the last quarter.

Aramark Company Profile

Aramark NYSE: ARMK is a provider of food services and facilities management. The company serves businesses, universities, schools, hospitals, sports and entertainment venues, correctional facilities, and other organizations through on-site dining, catering, concessions, refreshment services, and related hospitality offerings.

Its facilities services include custodial services, building operations and maintenance, workplace support, and other services designed to help clients manage their physical environments.

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