On June 14, 2023, Bloomberg reported that the consensus recommendation for Aramark (NYSE:ARMK) is a “Hold” by the thirteen research firms covering the organization. Of those thirteen analysts, one provided a sell rating while eight assigned a hold rating and two rated the company as a buy. The average 12-month price target given by brokerages that issued reports on the stock in the last year was $41.27.

Aramark is involved in providing food, facilities, and uniform services. Its operating segments include Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform). FSS United States caters to school districts, colleges and universities, healthcare facilities, businesses, sports venues, entertainment destinations, conference centers, state parks, national parks as well as correctional institutions.

The company has recently issued a quarterly dividend that was paid on Wednesday May 31st. The record holders of May 17th received this dividend whereby they were offered $0.11 per share. This states an annualized dividend payout of $0.44 with a yield of 1.09%. The ex-dividend date of this particular event was Tuesday May 16th which further shows their consistency in rewarding their diligent shareholders.

In conclusion, while Aramark has been given “Hold” recommendations from majority analysts with few exceptions communicating some potential downfalls or upsides to consider; they continue to demonstrate their strength by paying regular dividends at pleasing rates yearly and maintaining active operations across various channels globally.

Aramark Corporation Shares Experience Positive Growth Despite Mixed Ratings from Analysts

Aramark Corporation (NYSE:ARMK), a US-based company, recently opened at $40.48 per share on Wednesday, June 14th, representing positive growth in the financial market. The company has a market capitalization of $10.55 billion and is rated “market perform” by Sanford C. Bernstein, while StockNews.com has issued a “hold” rating on the stock.

However, TheStreet downgraded Aramark from a “b-” rating to a “c+” rating in their March 1st report. This downgrade was followed by Morgan Stanley cutting its price target on Aramark from $43 to $40 and setting an “equal weight” rating on the stock on March 21st.

On the other hand, Stifel Nicolaus offers encouraging news for investors as they lowered their target price from $45 to $42 and set a buy rating on the stock in their April 4th research report.

Aramark’s trailing twelve months P/E ratio was calculated at 43.06, P/E/G at 0.98 and had a beta value of 1.65; indicating that investors can anticipate moderate volatility in its share performance which could be sensitive to market movements.

The firm’s debt-to-equity ratio stands high at 2.48 while it has a quick ratio of 1.01 and current ratio of 1.21; these ratios determine how capable the company is to pay off its debts when they fall due.

In terms of investment portfolios, hedge funds have registered changes lately in Aramark Corporation’s holdings; Prelude Capital Management LLC now holds an additional 21,199 shares with a total holding worth $3,552 million after increasing its stake by 27% in Q1.

ProShare Advisors LLC acquired new shares worth $555k while Toroso Investment LLC grew its holdings by an additional 5.8% through the purchase of 484 shares worth $315k in Q1.

Furthermore, Ameriprise Financial Inc. diversified its holdings by acquiring an additional 155,225 shares amounting to $30.5 million while Thrivent Financial for Lutherans carved out a stake worth $2.4 million in Aramark during Q1.

The company’s shares have appreciated from their 52-week low point of $28.74 to the current high of $45.72 indicating that it is experiencing strong market response and that investors have confidence in its future growth and profitability.

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