7,080 Shares in Aramark (NYSE:ARMK) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in shares of Aramark (NYSE:ARMK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,080 shares of the company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the last quarter. UMB Bank n.a. raised its position in shares of Aramark by 75.2% in the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after purchasing an additional 581 shares during the period. Global Retirement Partners LLC raised its position in shares of Aramark by 167.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock valued at $53,000 after purchasing an additional 891 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Aramark in the fourth quarter valued at approximately $72,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARMK. Citigroup began coverage on shares of Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. UBS Group boosted their price target on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 price target on shares of Aramark in a research report on Wednesday, May 14th. Finally, Morgan Stanley boosted their price target on shares of Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Aramark Price Performance

Shares of NYSE:ARMK traded up $0.27 during trading on Friday, reaching $39.15. The company had a trading volume of 1,287,246 shares, compared to its average volume of 2,033,644. The company has a fifty day moving average of $34.78 and a two-hundred day moving average of $36.94. The stock has a market capitalization of $10.26 billion, a P/E ratio of 30.83 and a beta of 1.20. Aramark has a 12 month low of $29.92 and a 12 month high of $42.49. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities research analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.07%. Aramark's payout ratio is 32.31%.

Aramark Company 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.