Aramark (NYSE:ARMK)’s share price gapped down prior to trading on Monday . The stock had previously closed at $32.65, but opened at $31.98. Aramark shares last traded at $31.41, with a volume of 5320134 shares traded.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. Credit Suisse Group lowered their price objective on shares of Aramark from $53.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Robert W. Baird lowered their price objective on shares of Aramark from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 12th. Finally, Nomura reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Aramark in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Aramark has an average rating of “Buy” and an average target price of $42.27.
The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.04 and a current ratio of 1.21.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, February 13th. Aramark’s dividend payout ratio (DPR) is currently 22.11%.
In other news, Director Stephen I. Sadove bought 6,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were acquired at an average cost of $32.72 per share, with a total value of $196,320.00. Following the completion of the transaction, the director now directly owns 37,314 shares in the company, valued at approximately $1,220,914.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric J. Foss bought 92,564 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was purchased at an average cost of $32.46 per share, for a total transaction of $3,004,627.44. Following the completion of the transaction, the chief executive officer now owns 1,679,407 shares of the company’s stock, valued at $54,513,551.22. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank boosted its holdings in shares of Aramark by 48.3% during the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock worth $40,000 after purchasing an additional 445 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Aramark during the fourth quarter worth approximately $72,000. IFP Advisors Inc boosted its holdings in shares of Aramark by 985.5% during the third quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock worth $103,000 after purchasing an additional 2,178 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Aramark by 236.4% during the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after purchasing an additional 3,101 shares during the period. Finally, Asset Management Group Inc. acquired a new stake in shares of Aramark during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 99.97% of the company’s stock.
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About Aramark (NYSE:ARMK)
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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