Yousif Capital Management LLC Sells 3,789 Shares of Aramark (NYSE:ARMK)

Yousif Capital Management LLC cut its stake in shares of Aramark (NYSE:ARMK) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,053 shares of the company’s stock after selling 3,789 shares during the period. Yousif Capital Management LLC’s holdings in Aramark were worth $3,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARMK. Huntington National Bank grew its stake in Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after acquiring an additional 341 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Aramark in the 3rd quarter valued at $28,000. UMB Bank n.a. grew its position in shares of Aramark by 360.1% during the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after purchasing an additional 605 shares in the last quarter. Friedenthal Financial bought a new position in shares of Aramark in the third quarter worth $52,000. Finally, CWM LLC raised its position in shares of Aramark by 112.6% in the third quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $71,000 after buying an additional 965 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on ARMK. Truist Financial upped their target price on Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Robert W. Baird upped their price objective on shares of Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Aramark Stock Performance

NYSE ARMK opened at $38.07 on Friday. The company has a 50-day simple moving average of $38.61 and a two-hundred day simple moving average of $37.70. Aramark has a 12-month low of $28.51 and a 12-month high of $42.49. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 38.45 and a beta of 1.64. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. Aramark’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Aramark will post 1.93 EPS for the current year.

Aramark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be issued a dividend of $0.105 per share. This is a positive change from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Monday, February 10th. Aramark’s dividend payout ratio is currently 42.42%.

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.