Aramark (NYSE:ARMK) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its position in shares of Aramark (NYSE:ARMK - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,835 shares of the company's stock after purchasing an additional 14,096 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Aramark were worth $3,128,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after acquiring an additional 371 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. lifted its position in shares of Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock worth $51,000 after purchasing an additional 581 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Aramark by 167.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock valued at $53,000 after purchasing an additional 891 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of Aramark in the fourth quarter worth about $83,000.

Aramark Stock Performance

Shares of ARMK stock traded up $0.60 on Wednesday, hitting $38.24. The company had a trading volume of 3,045,019 shares, compared to its average volume of 2,105,355. The company has a 50-day moving average price of $33.89 and a 200-day moving average price of $36.91. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $10.14 billion, a P/E ratio of 30.11 and a beta of 1.20. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49.

Aramark (NYSE:ARMK - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, equities research analysts predict that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.10%. Aramark's dividend payout ratio (DPR) is presently 33.07%.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. UBS Group lifted their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday. StockNews.com downgraded Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Citigroup began coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Aramark has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Aramark Profile

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.