Yousif Capital Management LLC Decreases Stake in Aramark (NYSE:ARMK)

Yousif Capital Management LLC reduced its holdings in Aramark (NYSE:ARMK) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 124,662 shares of the company’s stock after selling 602 shares during the period. Yousif Capital Management LLC’s holdings in Aramark were worth $3,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARMK. EverSource Wealth Advisors LLC lifted its stake in shares of Aramark by 2,269.4% in the third quarter. EverSource Wealth Advisors LLC now owns 1,161 shares of the company’s stock worth $40,000 after buying an additional 1,112 shares in the last quarter. CWM LLC raised its stake in Aramark by 67.0% during the third quarter. CWM LLC now owns 1,196 shares of the company’s stock worth $42,000 after purchasing an additional 480 shares during the period. Solstein Capital LLC purchased a new position in Aramark during the fourth quarter worth about $47,000. Fifth Third Bancorp raised its stake in Aramark by 82.7% during the fourth quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock worth $53,000 after purchasing an additional 848 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Aramark during the third quarter worth about $213,000.

Analyst Ratings Changes

A number of equities analysts have commented on ARMK shares. Truist Financial lifted their target price on shares of Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $33.00 target price on shares of Aramark in a research note on Wednesday, February 7th. Morgan Stanley lifted their target price on shares of Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group began coverage on shares of Aramark in a research note on Wednesday, January 17th. They set a “buy” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.04.

Aramark Stock Performance

Shares of Aramark stock opened at $32.35 on Friday. The firm has a market capitalization of $8.49 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.30 and a beta of 1.48. Aramark has a 52 week low of $23.95 and a 52 week high of $33.04. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. The firm’s 50 day moving average is $31.56 and its two-hundred day moving average is $29.27.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.29 billion. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. Research analysts forecast that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.38 annualized dividend and a yield of 1.17%. Aramark’s dividend payout ratio is currently 15.90%.

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.