The firm now has an equal weight rating on the stock. On the other side, analysts now consider Aramark a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now. Barclays PLC upped their target price on shares of Aramark from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Friday, June 23rd. Nomura reiterated a "buy" rating and issued a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday. Finally, Deutsche Bank AG raised their target price on shares of Aramark from $42.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, May 10th. Zacks Investment Research raised shares of Aramark from a "hold" rating to a "buy" rating and set a $42.00 price objective for the company in a research report on Friday, May 12th.
Aramark (NYSE:ARMK) had the price target raised by Nomura from $43.00 to $45.00 in a study released on Wednesday morning. (NASDAQ:EGAN), 1 have Buy rating, 0 Sell and 3 Hold. Aramark presently has an average rating of "Buy" and a consensus price target of $43.10.
Aramark (NYSE ARMK) remained flat at $39.35 during trading on Thursday. P/E ratio of the company is 30.55. The 50 day moving average was down by -2.55% and the 200 day average went up by +4.70%. The company rocked its 52-Week High of $41.72 and touched its 52-Week Low of $32.73.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.61 billion.
Artisan Partners Limited Partnership says it decreased its investment in Aramark stock by 2.3% in the quarter ending 06/30/2017. The business's quarterly revenue was up.2% compared to the same quarter past year. During the same period in the previous year, the firm earned $0.34 EPS. Investors may be looking to buy companies that continue to post beats on the earnings front, and cut ties with ones that are not hitting their marks.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Wednesday, August 16th will be issued a $0.103 dividend. The data is represented graphically by fluctuating between a value of 0 and 100. The ex-dividend date will be on Monday the 15th of May 2017. Aramark's dividend payout ratio (DPR) is 29.93%. Also, SVP Brian P. Pressler sold 10,629 shares of Aramark stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $40.41, for a total transaction of $1,212,300.00. BlackRock Inc. now owns 12,627,800 shares of the company's stock valued at $517,486,000 after buying an additional 174,494 shares in the last quarter. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The shares were sold at an average price of $37.15, for a total value of $111,450.00. Following the completion of the transaction, the vice president now owns 2,871 shares of the company's stock, valued at $106,657.65. The disclosure for this sale can be found here. 5,218 shares were sold by SMITH RICHARD ROBINSON, worth $336,089 on Monday, February 13.
Since May 8, 2017, it had 0 insider buys, and 2 selling transactions for $664,775 activity.
A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP now owns 5,026,984 shares of the company's stock valued at $185,345,000 after buying an additional 190,656 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Aramark by 11.0% in the second quarter. Vanguard Group Inc. now owns 19,369,393 shares of the company's stock valued at $714,150,000 after buying an additional 714,510 shares during the last quarter. Principal Financial Group Inc.'s holdings in Aramark were worth $1,303,000 as of its most recent SEC filing. M&T Bank Corp now owns 20,032 shares of the company's stock valued at $820,000 after buying an additional 2,777 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in Aramark during the first quarter valued at $202,000. BlackRock Inc. increased its stake in Aramark by 1.4% in the second quarter. Finally, AMI Asset Management Corp acquired a new stake in shares of Aramark during the first quarter valued at approximately $20,909,000.