Aramark (ARMK) - What Are Brokerages Saying About This Stock?

Aramark (NYSE:ARMK - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $68.82.

A number of equities research analysts have commented on ARMK shares. Stifel Nicolaus increased their price target on Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Deutsche Bank restated a "buy" rating and set a $74.00 price objective on shares of Aramark in a report on Wednesday, August 12th. Weiss Ratings lowered shares of Aramark from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Robert W. Baird lifted their target price on shares of Aramark from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Finally, New Street Research set a $70.00 target price on shares of Aramark in a research report on Thursday, August 13th.

Aramark Trading Down 0.1%

NYSE ARMK traded down $0.04 during trading on Friday, hitting $53.84. 3,819,876 shares of the company's stock traded hands, compared to its average volume of 3,406,731. The stock has a fifty day moving average of $55.18 and a two-hundred day moving average of $50.75. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The firm has a market cap of $14.19 billion, a P/E ratio of 37.65, a PEG ratio of 0.79 and a beta of 1.10.

Institutional Investors Weigh In On Aramark

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in Aramark by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 54,572 shares of the company's stock valued at $2,922,000 after acquiring an additional 200 shares during the last quarter. Henshaw Capital LLC increased its stake in shares of Aramark by 0.3% during the first quarter. Henshaw Capital LLC now owns 76,923 shares of the company's stock worth $3,118,000 after buying an additional 225 shares during the period. Tidal Investments LLC increased its position in shares of Aramark by 0.7% in the 2nd quarter. Tidal Investments LLC now owns 34,983 shares of the company's stock valued at $1,991,000 after purchasing an additional 237 shares during the last quarter. North Dakota State Investment Board boosted its holdings in Aramark by 3.4% in the third quarter. North Dakota State Investment Board now owns 8,022 shares of the company's stock valued at $430,000 after purchasing an additional 262 shares in the last quarter. Finally, CX Institutional boosted its stake in Aramark by 76.1% in the third quarter. CX Institutional now owns 694 shares of the company's stock valued at $37,000 after acquiring an additional 300 shares in the last quarter.

About Aramark

Aramark provides food and facilities management services to organizations around the world. Its clients include schools and universities, hospitals and other healthcare providers, businesses, sports and entertainment venues, and correctional institutions. The company plans and operates dining programs, including meal preparation, catering, concessions, and retail food services. It also provides facilities services such as maintenance, cleaning, and related operational support tailored to client needs.

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