According to Zacks, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA. “
Several other equities research analysts have also recently weighed in on the stock. Macquarie started coverage on shares of Aramark Holdings Corp. in a research report on Thursday, August 25th. They issued an outperform rating and a $44.00 price objective for the company. RBC Capital Markets restated a top pick rating and issued a $42.00 price objective (up previously from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Morgan Stanley set a $41.00 price objective on shares of Aramark Holdings Corp. and gave the company a hold rating in a research report on Thursday, August 11th. Bank of America Corp. raised their price objective on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the company a buy rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Aramark Holdings Corp. from $37.00 to $44.00 and gave the company an overweight rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $41.08.
Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 37.11 on Tuesday. The stock has a market cap of $9.05 billion, a P/E ratio of 35.34 and a beta of 0.57. The company has a 50 day moving average of $37.52 and a 200 day moving average of $35.05. Aramark Holdings Corp. has a 12 month low of $29.18 and a 12 month high of $38.30.
Aramark Holdings Corp. (NYSE:ARMK) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Aramark Holdings Corp. had a net margin of 1.81% and a return on equity of 18.92%. The firm earned $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Aramark Holdings Corp. will post $1.71 earnings per share for the current fiscal year.
In related news, EVP Stephen R. Reynolds sold 56,709 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $36.97, for a total transaction of $2,096,531.73. Following the completion of the transaction, the executive vice president now owns 171,175 shares in the company, valued at $6,328,339.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlanta Capital Management Co. L L C purchased a new position in shares of Aramark Holdings Corp. during the first quarter worth about $157,788,000. Jennison Associates LLC purchased a new position in shares of Aramark Holdings Corp. during the second quarter worth about $86,709,000. JPMorgan Chase & Co. boosted its position in shares of Aramark Holdings Corp. by 129.6% in the first quarter. JPMorgan Chase & Co. now owns 4,398,886 shares of the company’s stock worth $145,691,000 after buying an additional 2,483,289 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Aramark Holdings Corp. by 13.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,006,234 shares of the company’s stock worth $434,669,000 after buying an additional 1,557,188 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Aramark Holdings Corp. by 61.8% in the first quarter. Wellington Management Group LLP now owns 3,591,616 shares of the company’s stock worth $118,954,000 after buying an additional 1,372,026 shares in the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
About Aramark Holdings Corp.
Aramark provides 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).
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