Cetera Investment Advisers Makes New Investment in Aramark $ARMK

Key Points

• Cetera Investment Advisers has acquired a new stake in Aramark, purchasing 7,721 shares valued at approximately $267,000 during the first quarter of the year.
• Several hedge funds have also increased their positions in Aramark, with Bessemer Group increasing its stake by 83.2%, now owning 1,411 shares worth $49,000.
• Aramark recently reported quarterly earnings of $0.40 per share, meeting the consensus estimate, and established a FY 2025 guidance of 1.910-1.980 EPS.

Cetera Investment Advisers acquired a new position in Aramark (NYSE:ARMK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,721 shares of the company's stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Aramark by 83.2% in the first quarter. Bessemer Group Inc. now owns 1,411 shares of the company's stock worth $49,000 after purchasing an additional 641 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Aramark in the fourth quarter worth $72,000. UMB Bank n.a. boosted its stake in Aramark by 82.6% in the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after purchasing an additional 1,118 shares in the last quarter. Fifth Third Bancorp boosted its stake in Aramark by 21.1% in the first quarter. Fifth Third Bancorp now owns 2,859 shares of the company's stock worth $99,000 after purchasing an additional 499 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Aramark by 39.2% during the first quarter. Blue Trust Inc. now owns 4,964 shares of the company's stock worth $171,000 after acquiring an additional 1,399 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ARMK. Royal Bank Of Canada restated an "outperform" rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Morgan Stanley boosted their target price on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. Wall Street Zen downgraded Aramark from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird upgraded Aramark from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Finally, UBS Group set a $46.00 target price on Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $45.44.

Aramark Price Performance

NYSE ARMK remained flat at $39.47 on Tuesday. The company had a trading volume of 1,138,252 shares, compared to its average volume of 2,589,446. The company has a 50 day moving average of $41.62 and a 200 day moving average of $38.08. The company has a market capitalization of $10.37 billion, a PE ratio of 29.24 and a beta of 1.33. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, analysts forecast that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. Aramark's dividend payout ratio (DPR) is currently 31.11%.

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.