Sanctuary Advisors LLC Purchases New Stake in Aramark $ARMK

Key Points

• Sanctuary Advisors acquired 17,310 Aramark shares during the second quarter, valued at approximately $985,000, while several other institutional investors also initiated or expanded positions.
• Analysts remain broadly positive, with 12 Buy ratings and two Holds; Aramark’s consensus rating is “Moderate Buy” with a $69.14 average price target.
• Aramark exceeded quarterly expectations with $0.52 in EPS and $5.06 billion in revenue, up 9.3% year over year, and declared a quarterly dividend of $0.12 per share.

Sanctuary Advisors LLC acquired a new position in shares of Aramark (NYSE:ARMK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,310 shares of the company's stock, valued at approximately $985,000.

Several other large investors also recently added to or reduced their stakes in the stock. Activest Wealth Management acquired a new stake in shares of Aramark in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aramark during the 3rd quarter valued at about $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Aramark in the first quarter valued at about $32,000. Kestra Advisory Services LLC acquired a new stake in Aramark during the fourth quarter worth about $32,000. Finally, Elevation Wealth Partners LLC increased its position in Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock worth $35,000 after purchasing an additional 597 shares during the last quarter.

Analysts Set New Price Targets

ARMK has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Aramark from $58.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 27th. Citigroup lifted their price target on shares of Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Bank of America upped their price objective on Aramark from $59.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Oppenheimer increased 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. Finally, UBS Group raised their target price on Aramark from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.14.

Aramark Stock Down 1.1%

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

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly 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. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the business posted $0.40 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Research analysts expect that Aramark will post 2.27 earnings per share for the current year.

Aramark Announces Dividend

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