Aramark (NYSE:ARMK) Price Target Lowered to $40.00 at UBS Group

Aramark (NYSE:ARMK) had its price target dropped by research analysts at UBS Group from $45.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 23.93% from the company’s current price.

ARMK has been the topic of a number of other research reports. Citigroup began coverage on shares of Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective on the stock. Morgan Stanley boosted their price objective on Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Robert W. Baird raised their target price on Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Aramark Stock Performance

Shares of ARMK traded down $0.54 during trading hours on Friday, reaching $32.28. 200,565 shares of the company traded hands, compared to its average volume of 2,092,376. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The business has a fifty day moving average price of $35.44 and a 200-day moving average price of $37.56. Aramark has a 12-month low of $29.82 and a 12-month high of $42.49. The stock has a market capitalization of $8.56 billion, a P/E ratio of 25.45 and a beta of 1.37.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Aramark

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARMK. Oregon Public Employees Retirement Fund grew its stake in Aramark by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company’s stock valued at $2,002,000 after acquiring an additional 276 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of 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 purchasing an additional 310 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 371 shares during the last quarter. CIBC Asset Management Inc lifted its position in Aramark by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 8,012 shares of the company’s stock worth $299,000 after buying an additional 391 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Aramark by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 16,504 shares of the company’s stock valued at $643,000 after buying an additional 395 shares in the last quarter.

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.