Boothbay Fund Management LLC Has $228,000 Stock Position in Aramark (NYSE:ARMK)

Boothbay Fund Management LLC cut its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 90.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,118 shares of the company's stock after selling 58,101 shares during the quarter. Boothbay Fund Management LLC's holdings in Aramark were worth $228,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Aramark Price Performance

Shares of ARMK stock opened at $33.58 on Friday. Aramark has a 52 week low of $29.82 and a 52 week high of $42.49. The stock has a market capitalization of $8.90 billion, a PE ratio of 26.44 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The stock's fifty day moving average is $33.91 and its 200-day moving average is $36.95.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company's revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.25%. Aramark's dividend payout ratio (DPR) is presently 33.07%.

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.

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