Balyasny Asset Management L.P. Has $32.19 Million Holdings in Aramark (NYSE:ARMK)

Balyasny Asset Management L.P. grew its position in Aramark (NYSE:ARMK - Free Report) by 83.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 862,842 shares of the company's stock after buying an additional 393,381 shares during the period. Balyasny Asset Management L.P. owned 0.33% of Aramark worth $32,193,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ARMK. Sarasin & Partners LLP increased its stake in Aramark by 15.9% during the fourth quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock worth $9,677,000 after acquiring an additional 35,616 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Aramark by 45.7% during the 4th 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. Asset Management One Co. Ltd. boosted its position in shares of Aramark by 42.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company's stock worth $7,470,000 after purchasing an additional 59,225 shares during the period. HighTower Advisors LLC boosted its position in shares of Aramark by 3.4% during the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company's stock worth $637,000 after purchasing an additional 563 shares during the period. Finally, GAMMA Investing LLC boosted its position in Aramark by 29.9% in the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company's stock valued at $160,000 after buying an additional 990 shares during the period.

Aramark Price Performance

ARMK stock traded up $0.51 on Monday, hitting $38.87. 434,505 shares of the company's stock traded hands, compared to its average volume of 2,059,923. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 30.51 and a beta of 1.20. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49. The stock has a fifty day moving average of $34.02 and a 200-day moving average of $36.88.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The company's revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.08%. Aramark's payout ratio is presently 32.31%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ARMK shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Citigroup started coverage on shares of Aramark in a research report on Monday, February 24th. They set a "buy" rating and a $48.00 price objective for the company. UBS Group lifted their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley lifted their price objective on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

About Aramark

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.