Cetera Investment Advisers Invests $267,000 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 purchased a new stake in shares of Aramark (NYSE:ARMK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,721 shares of the company's stock, valued at approximately $267,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Aramark by 30.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,744 shares of the company's stock worth $785,000 after acquiring an additional 5,316 shares during the last quarter. Egerton Capital UK LLP boosted its position in shares of Aramark by 79.0% during the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company's stock valued at $71,633,000 after buying an additional 916,054 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in Aramark by 2.7% in the 1st quarter. KLP Kapitalforvaltning AS now owns 53,300 shares of the company's stock worth $1,840,000 after buying an additional 1,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Aramark in the 1st quarter worth about $1,148,000. Finally, Allianz Asset Management GmbH purchased a new position in Aramark in the 1st quarter worth about $1,374,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on ARMK. Baird R W raised shares of Aramark from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. UBS Group set a $46.00 target price on shares of Aramark and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley increased their price target on Aramark from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, June 30th. Robert W. Baird raised Aramark from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $45.44.

Aramark Stock Performance

NYSE ARMK traded up $0.5980 on Friday, hitting $40.0180. 1,355,781 shares of the company traded hands, compared to its average volume of 2,573,492. The business's 50 day moving average price is $41.64 and its 200-day moving average price is $38.06. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 29.64 and a beta of 1.33.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. Equities analysts expect that Aramark will post 1.92 earnings per share 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 paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%. Aramark's payout ratio is presently 31.11%.

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.