Junto Capital Management LP Reduces Stake in Aramark $ARMK

Key Points

• Junto Capital Management cut its Aramark stake by 44.1% in the second quarter, selling 1.46 million shares and retaining 1.85 million shares valued at approximately $105.1 million.
• Analysts remain broadly positive on Aramark, with 12 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $69.14.
• Aramark exceeded quarterly expectations, reporting $0.52 in EPS and $5.06 billion in revenue, while revenue rose 9.3% year over year; the company also pays a $0.12 quarterly dividend.

Junto Capital Management LP lessened its stake in shares of Aramark (NYSE:ARMK - Free Report) by 44.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,847,824 shares of the company's stock after selling 1,456,535 shares during the period. Aramark accounts for approximately 1.9% of Junto Capital Management LP's portfolio, making the stock its 16th biggest position. Junto Capital Management LP owned about 0.70% of Aramark worth $105,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC increased its position in Aramark by 0.7% during the second quarter. Tidal Investments LLC now owns 34,983 shares of the company's stock worth $1,991,000 after purchasing an additional 237 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Aramark in the 2nd quarter valued at about $518,000. Arizona State Retirement System grew its stake in shares of Aramark by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 72,524 shares of the company's stock valued at $4,127,000 after buying an additional 337 shares during the period. Nykredit A S purchased a new stake in shares of Aramark in the 2nd quarter valued at approximately $397,000. Finally, Corient Private Wealth LP increased its holdings in shares of Aramark by 477.3% during the 2nd quarter. Corient Private Wealth LP now owns 65,214 shares of the company's stock worth $3,711,000 after buying an additional 53,917 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on ARMK. Morgan Stanley set a $63.00 price objective on Aramark in a report on Tuesday, August 11th. Bank of America raised their target price on Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. New Street Research set a $70.00 price target on Aramark in a research note on Thursday, August 13th. Citigroup increased their price target on Aramark from $70.50 to $74.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Oppenheimer raised their price objective on Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.14.

Aramark Stock Performance

NYSE:ARMK opened at $56.86 on Thursday. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $62.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The company has a 50 day moving average price of $57.75 and a 200 day moving average price of $50.67. The stock has a market capitalization of $14.99 billion, a P/E ratio of 39.76, a PEG ratio of 1.01 and a beta of 1.12.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts forecast that Aramark will post 2.27 EPS for the current year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark's dividend payout ratio is presently 33.57%.

Aramark Profile

Aramark NYSE: ARMK is a global provider of food services and facilities management solutions. The company serves organizations across education, healthcare, business and industry, sports and leisure, corrections, and other institutional markets.

Its food services include dining operations, catering, concessions, hospitality, and culinary programs. Aramark also provides facilities services such as housekeeping, plant operations, maintenance, workplace services, and related support programs designed to help clients manage their physical environments.

Headquartered in Philadelphia, Aramark serves customers in the United States and internationally.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.