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

Balyasny Asset Management L.P. grew its holdings in Aramark (NYSE:ARMK - Free Report) by 83.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 862,842 shares of the company's stock after acquiring 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.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 310 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Aramark by 75.2% during the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after acquiring an additional 581 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock valued at $53,000 after acquiring an additional 891 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Aramark in the 4th quarter worth approximately $83,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ARMK shares. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a research note on Thursday, February 6th. UBS Group lowered their price target on Aramark from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Citigroup assumed coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 target price on the stock. Finally, StockNews.com lowered Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Aramark currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

Aramark Stock Up 10.2 %

Shares of ARMK opened at $37.71 on Wednesday. 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 company has a 50-day moving average price of $33.89 and a two-hundred day moving average price of $36.91. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 29.69 and a beta of 1.20. Aramark has a 12 month low of $29.82 and a 12 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 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.35 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. Aramark's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. Equities analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.11%. Aramark's payout ratio is 33.07%.

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.

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