Aramark (NYSE:ARMK) Director Buys $88,750.00 in Stock

Aramark (NYSE:ARMK) Director Stephen I. Sadove purchased 5,000 shares of Aramark stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of $17.75 per share, with a total value of $88,750.00. Following the acquisition, the director now directly owns 3,488 shares of the company’s stock, valued at approximately $61,912. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:ARMK opened at $19.74 on Thursday. Aramark has a 12-month low of $9.65 and a 12-month high of $47.22. The stock has a market cap of $4.71 billion, a PE ratio of 14.51, a P/E/G ratio of 1.29 and a beta of 1.06. The business has a 50 day moving average of $33.13 and a 200-day moving average of $41.08. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.05.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. Aramark had a return on equity of 16.88% and a net margin of 2.12%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Equities research analysts expect that Aramark will post 1.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, February 12th. Aramark’s dividend payout ratio is presently 19.64%.

Several large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Aramark during the fourth quarter worth approximately $109,160,000. Redpoint Investment Management Pty Ltd boosted its holdings in shares of Aramark by 106.8% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 9,506 shares of the company’s stock worth $413,000 after acquiring an additional 4,910 shares during the period. Procyon Private Wealth Partners LLC acquired a new stake in shares of Aramark in the fourth quarter valued at approximately $464,000. National Pension Service acquired a new stake in shares of Aramark in the fourth quarter valued at approximately $19,083,000. Finally, Geode Capital Management LLC raised its position in shares of Aramark by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,756,447 shares of the company’s stock valued at $119,520,000 after buying an additional 97,134 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

A number of research firms recently commented on ARMK. Sanford C. Bernstein upgraded Aramark from a “market perform” rating to an “outperform” rating in a report on Thursday, March 5th. Citigroup upgraded Aramark from a “sell” rating to a “buy” rating and reduced their price target for the stock from $39.00 to $30.00 in a report on Monday. Jefferies Financial Group began coverage on Aramark in a report on Wednesday, November 27th. They set a “hold” rating and a $49.00 price target for the company. Barclays reiterated a “hold” rating and set a $20.00 price target on shares of Aramark in a report on Thursday, March 19th. Finally, Berenberg Bank cut Aramark from a “buy” rating to a “hold” rating and lifted their price target for the stock from $37.00 to $43.00 in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.64.

Aramark Company Profile

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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