Aramark (ARMK) Director Sanjeev K. Mehra Acquires 19,640 Shares of Stock

Aramark (NYSE:ARMK) Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $40.75 per share, with a total value of $800,330.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Aramark (ARMK) opened at $41.17 on Tuesday. Aramark has a 52 week low of $32.87 and a 52 week high of $44.12. The firm has a market capitalization of $10,060.00, a PE ratio of 23.06, a PEG ratio of 1.70 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. research analysts forecast that Aramark will post 2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, November 27th will be given a $0.105 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.42 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio is currently 27.70%.

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A number of equities analysts have commented on ARMK shares. BidaskClub downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Nomura reiterated a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Morgan Stanley boosted their price target on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Finally, Zacks Investment Research lowered Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and a consensus price target of $44.83.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the last quarter. Advisor Group Inc. boosted its position in Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after buying an additional 1,542 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the last quarter. Pacer Advisors Inc. boosted its position in Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Aramark in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Aramark

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Insider Buying and Selling by Quarter for Aramark (NYSE:ARMK)

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