Aramark (NYSE:ARMK) Stock Rating Lowered by Wall Street Zen

Aramark (NYSE:ARMK) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also issued reports on ARMK. Morgan Stanley boosted their price target on Aramark from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $47.00 price target on shares of Aramark in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.73.

Aramark Stock Performance

NYSE:ARMK opened at $42.12 on Friday. The stock’s 50-day moving average is $38.28 and its 200-day moving average is $37.05. Aramark has a 1-year low of $29.92 and a 1-year high of $42.49. The stock has a market cap of $11.04 billion, a P/E ratio of 32.40 and a beta of 1.28. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Aramark had a return on equity of 15.07% and a net margin of 1.97%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Aramark

Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. raised its position in shares of Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after purchasing an additional 815 shares during the period. Bessemer Group Inc. raised its position in shares of Aramark by 93.0% during the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock worth $29,000 after purchasing an additional 371 shares during the period. Jones Financial Companies Lllp raised its position in shares of Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the period. Global Retirement Partners LLC raised its position in Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 891 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Aramark in the 4th quarter valued at $72,000.

About Aramark

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.