Aramark's (ARMK) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Aramark's stock rating was reaffirmed at "hold (C+)" by Weiss Ratings, while other analysts have varied opinions, with one upgrading it to "strong-buy" and others giving "buy" or "hold" ratings.
• The company's recent quarterly earnings report showed an EPS of $0.40, meeting analysts' expectations, and revenues of $4.63 billion, slightly below estimates.
• Aramark has a current market capitalization of $10.45 billion and a consensus target price of $45.33, indicating moderate optimism from analysts regarding its stock performance.

Aramark (NYSE:ARMK - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. Baird R W upgraded Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group reduced their price objective on Aramark from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. Morgan Stanley boosted their price target on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. Finally, Robert W. Baird upgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Aramark currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.33.

Aramark Trading Down 0.1%

NYSE:ARMK traded down $0.04 during mid-day trading on Tuesday, reaching $39.75. The company's stock had a trading volume of 413,031 shares, compared to its average volume of 2,053,229. The company's fifty day simple moving average is $38.87 and its two-hundred day simple moving average is $38.70. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The stock has a market cap of $10.45 billion, a P/E ratio of 29.44 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Harbour Investments Inc. increased its position in Aramark by 40,750.0% in the 1st quarter. Harbour Investments Inc. now owns 817 shares of the company's stock worth $28,000 after purchasing an additional 815 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Aramark during the 2nd quarter worth about $40,000. Parallel Advisors LLC boosted its stake in Aramark by 160.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company's stock valued at $46,000 after purchasing an additional 678 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Aramark by 241.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company's stock valued at $47,000 after purchasing an additional 789 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Aramark by 83.2% in the 1st quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock worth $49,000 after acquiring an additional 641 shares during the period.

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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