Sanctuary Advisors LLC Has $347,000 Stake in Aramark (NYSE:ARMK)

Sanctuary Advisors LLC increased its stake in shares of Aramark (NYSE:ARMK) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,761 shares of the company’s stock after buying an additional 1,209 shares during the quarter. Sanctuary Advisors LLC’s holdings in Aramark were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ARMK. Y Intercept Hong Kong Ltd bought a new position in shares of Aramark in the 3rd quarter valued at $716,000. Franklin Resources Inc. raised its position in shares of Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock worth $254,427,000 after acquiring an additional 441,711 shares in the last quarter. Sarasin & Partners LLP raised its position in shares of Aramark by 15.9% in the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company’s stock worth $9,677,000 after acquiring an additional 35,616 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Aramark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock valued at $169,028,000 after buying an additional 45,384 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Aramark by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock valued at $67,106,000 after buying an additional 14,839 shares during the period.

Aramark Stock Down 2.8 %

Shares of NYSE:ARMK opened at $36.02 on Tuesday. Aramark has a 52-week low of $29.82 and a 52-week high of $42.49. The firm has a fifty day moving average of $37.76 and a 200 day moving average of $38.13. The firm has a market capitalization of $9.55 billion, a PE ratio of 28.36 and a beta of 1.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.17%. This is a positive change from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, February 10th. Aramark’s dividend payout ratio is presently 33.07%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ARMK shares. Morgan Stanley lifted their price target on Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial lifted their price target on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Aramark in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their target price on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus target price of $43.42.

Aramark Profile

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.