250,607 Shares in Aramark $ARMK Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of Aramark (NYSE:ARMK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 250,607 shares of the company's stock, valued at approximately $14,260,000. Freestone Grove Partners LP owned 0.10% of Aramark at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Activest Wealth Management purchased a new stake in Aramark in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aramark during the third quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new stake in shares of Aramark during the fourth quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Aramark by 2,842.9% in the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock valued at $35,000 after purchasing an additional 597 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup increased their target price on shares of Aramark from $70.50 to $74.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Morgan Stanley set a $63.00 price target on shares of Aramark in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Bank of America lifted their price objective on shares of Aramark from $59.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Finally, UBS Group boosted their price objective on shares of Aramark from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.14.

Aramark Trading Down 1.1%

NYSE:ARMK opened at $58.88 on Friday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 1.05 and a beta of 1.12. Aramark has a 52 week low of $35.07 and a 52 week high of $62.65. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The firm has a 50 day moving average of $57.38 and a 200 day moving average of $49.59.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts anticipate that Aramark will post 2.27 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Aramark's dividend payout ratio (DPR) is currently 33.57%.

About Aramark

Aramark NYSE: ARMK is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark's offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.

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