SaddleRock Capital Management LLC Buys New Holdings in Aramark $ARMK

Key Points

• SaddleRock Capital Management purchased 158,335 Aramark shares worth approximately $9.0 million, making ARMK its fifth-largest holding and representing 8.7% of the fund’s portfolio.
• Institutional interest increased, with Goldman Sachs, Creative Planning, Cetera Investment Advisers and Cerity Partners expanding their positions, while Arrowstreet Capital initiated a new stake.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and $69.14 price target. Aramark also exceeded quarterly earnings and revenue estimates and declared a $0.12-per-share quarterly dividend.

SaddleRock Capital Management LLC purchased a new position in shares of Aramark (NYSE:ARMK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 158,335 shares of the company's stock, valued at approximately $9,009,000. Aramark comprises 8.7% of SaddleRock Capital Management LLC's holdings, making the stock its 5th largest position. SaddleRock Capital Management LLC owned 0.06% of Aramark as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Aramark by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company's stock valued at $16,903,000 after buying an additional 135,224 shares during the last quarter. Creative Planning grew its holdings in shares of Aramark by 36.0% during the second quarter. Creative Planning now owns 9,918 shares of the company's stock worth $415,000 after purchasing an additional 2,625 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Aramark by 7.4% during the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company's stock worth $347,000 after purchasing an additional 573 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Aramark in the 2nd quarter valued at about $640,000. Finally, Cerity Partners LLC grew its stake in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company's stock worth $674,000 after buying an additional 6,127 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on ARMK. Oppenheimer upped their target price on shares of Aramark from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Stifel Nicolaus upped their price objective on Aramark from $54.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Truist Financial increased their price objective on Aramark from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. New Street Research set a $70.00 target price on Aramark in a report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of Aramark from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.14.

Aramark Trading Down 0.7%

Shares of ARMK stock opened at $59.32 on Tuesday. The business's fifty day moving average price is $57.06 and its 200 day moving average price is $49.15. The firm has a market capitalization of $15.64 billion, a PE ratio of 41.49, a P/E/G ratio of 1.05 and a beta of 1.12. 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 1-year low of $35.07 and a 1-year high of $62.65.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business's revenue was up 9.3% on a year-over-year basis. During the same period in the previous 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 forecast that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently announced 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. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark's dividend payout ratio is presently 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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