Featured Stock to See: Aramark (ARMK)

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Aramark (ARMK) moves -5.68% away from 52-Week High = Technical Facts

The stock has "Equal-Weight" rating by Morgan Stanley on Thursday, August 10. The firm now has an equal weight rating on the stock. Finally, Morgan Stanley lifted their price target on shares of Aramark from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday. BidaskClub upgraded shares of Aramark from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 28th. Deutsche Bank AG boosted their price target on shares of Aramark from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, May 10th. Zacks Investment Research cut shares of Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, July 11th. Finally, Nomura restated a buy rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock.

Shares of Aramark (NYSE ARMK) remained flat at $39.35 during trading on Friday.

D E Shaw & Company holds 0.21% or 3.45M shares.

Aramark's P/E ratio is 28.51 and the market cap is 9.64B. Focusing on moving averages, the 50-day is 0.01, the 200-day is at 0.01, and the 7-day is 0.01. Aramark has a 1-year low of $32.73 and a 1-year high of $41.72.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.08.

Analysts are also projecting an Average Revenue Estimate for Aramark as $3.7 Million in the Current Quarter. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The firm's revenue was up.2% on a year-over-year basis. Analysts expect next quarter's EPS will be $0.59 with next year's EPS projected to be $2.21. During the same quarter previous year, the business posted $0.34 EPS.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be given a dividend of $0.103 per share. The ex-dividend date is Monday, August 14th. Aramark's dividend payout ratio (DPR) is presently 29.93%.

In associated news, Senior Vice President Brian P. Pressler unloaded 10,629 stocks of the firm's shares in a trade on early Fri, Jun 16th. The shares were sold at an average price of $40.80, for a total value of $433,663.20. After this trade, the SVP has an ownership of 14,285 company stock worth at $582,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In other Aramark news, VP James J. Tarangelo sold 3,000 shares of Aramark stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $37.15, for a total value of $111,450.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,629 shares of company stock worth $5,618,413.

Since May 8, 2017, it had 0 insider buys, and 2 selling transactions for $664,775 activity.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. now owns 12,453,306 shares of the company's stock valued at $459,151,000 after buying an additional 12,168,838 shares in the last quarter. Vanguard Group Inc. boosted its position in Aramark by 3.8% in the first quarter. Wade G W & Inc. now owns 6,790 shares of the company's stock valued at $250,000 after buying an additional 243 shares in the last quarter. Renaissance Technologies LLC boosted its position in Aramark by 341.6% in the second quarter. Rothschild Asset Management Inc. now owns 614,670 shares of the company's stock valued at $25,189,000 after buying an additional 600,374 shares in the last quarter. Vaughan Nelson Investment Management L.P. owned 0.67% of Aramark worth $66,777,000 at the end of the most recent reporting period. Using the moving average for technical stock analysis is still quite popular among traders and investors.

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