Riverhead Capital Management LLC acquired a new stake in Aramark (NYSE:ARMK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,073 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sepio Capital LLC increased its position in shares of Aramark by 25.0% in the 1st quarter. Sepio Capital LLC now owns 48,210 shares of the company’s stock valued at $1,425,000 after buying an additional 9,631 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Aramark by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,229,244 shares of the company’s stock worth $44,327,000 after purchasing an additional 47,264 shares during the period. BB&T Securities LLC boosted its stake in Aramark by 0.8% in the 2nd quarter. BB&T Securities LLC now owns 92,890 shares of the company’s stock worth $3,349,000 after purchasing an additional 706 shares during the period. Aperio Group LLC boosted its stake in Aramark by 32.7% in the 2nd quarter. Aperio Group LLC now owns 32,091 shares of the company’s stock worth $1,157,000 after purchasing an additional 7,908 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Aramark in the 2nd quarter worth $223,000. Institutional investors and hedge funds own 98.53% of the company’s stock.

In other news, insider Keith Bethel sold 7,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the completion of the transaction, the insider now directly owns 43,692 shares in the company, valued at approximately $1,634,080.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.30% of the company’s stock.

A number of brokerages recently weighed in on ARMK. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Oppenheimer began coverage on shares of Aramark in a research note on Thursday, August 22nd. They issued an “outperform” rating and a $50.00 target price for the company. Royal Bank of Canada set a $49.00 target price on shares of Aramark and gave the stock a “buy” rating in a research note on Monday, August 26th. Nomura raised shares of Aramark from a “neutral” rating to a “buy” rating and upped their target price for the stock from $28.00 to $50.00 in a research note on Monday, August 19th. Finally, Stifel Nicolaus raised shares of Aramark from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $49.00 in a research note on Monday, August 19th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $43.62.

Shares of Aramark stock traded up $0.11 during trading hours on Friday, reaching $43.23. 15,514 shares of the company’s stock were exchanged, compared to its average volume of 3,034,797. The company has a 50 day moving average of $38.73 and a two-hundred day moving average of $34.02. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $43.70. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. The stock has a market cap of $10.41 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.39 and a beta of 0.89.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, analysts expect that Aramark will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.02%. Aramark’s dividend payout ratio is 22.11%.

Aramark Company Profile

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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