Aramark (NYSE:ARMK) Short Interest Update

Aramark (NYSE:ARMK - Get Free Report) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 5,540,000 shares, adropof22.9% from the July 31st total of 7,190,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is currently 2.9 days.

Aramark Stock Performance

Shares of ARMK opened at $38.29 on Tuesday. The company has a market capitalization of $10.06 billion, a PE ratio of 28.36 and a beta of 1.22. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The company's fifty day moving average price is $41.26 and its 200 day moving average price is $38.18.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, August 6th. Aramark's dividend payout ratio (DPR) is currently 31.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, June 30th. Robert W. Baird raised shares of Aramark from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $43.00 to $47.00 in a research note on Wednesday, August 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $45.44.

Institutional Trading of Aramark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Aramark by 4.0% in the second quarter. GAMMA Investing LLC now owns 6,619 shares of the company's stock valued at $277,000 after purchasing an additional 255 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Aramark by 2.9% during the second quarter. ProShare Advisors LLC now owns 11,619 shares of the company's stock worth $486,000 after acquiring an additional 325 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Aramark by 4.3% during the first quarter. Great Lakes Advisors LLC now owns 9,267 shares of the company's stock worth $320,000 after acquiring an additional 378 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Aramark by 1.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,504 shares of the company's stock worth $915,000 after acquiring an additional 438 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Aramark by 1.5% during the first quarter. Xponance Inc. now owns 31,209 shares of the company's stock worth $1,077,000 after acquiring an additional 451 shares in the last quarter.

Aramark Company 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.

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