Aramark (NYSE: ARMK) is 10.60% higher on its value in year-to-date trading and has touched a low of $23.95 and a high of $33.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARMK stock was last observed hovering at around $30.77 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $31.08, the stock is -0.68% and 2.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 1.01% at the moment leaves the stock 9.32% off its SMA200. ARMK registered 25.74% gain for a year compared to 6-month gain of 21.11%. The firm has a 50-day simple moving average (SMA 50) of $0.73 and a 200-day simple moving average (SMA200) of $7.61.
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The stock witnessed a 1.34% loss in the last 1 month and extending the period to 3 months gives it a 12.04%, and is -1.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 2.13% over the month.
Aramark (ARMK) has around 262550 employees, a market worth around $8.16B and $18.66B in sales. Current P/E ratio is 13.01 and Fwd P/E is 16.02. Profit margin for the company is 3.37%. Distance from 52-week low is 29.77% and -5.93% from its 52-week high. The company has generated returns on investments over the last 12 months (6.97%).
Aramark quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $4.24B over the same period.The EPS is expected to shrink by -9.22% this year, but quarterly earnings will post -7.50% year-over-year.
Aramark (ARMK) Top Institutional Holders
519 institutions hold shares in Aramark (ARMK), with institutional investors hold 103.54% of the company’s shares. The shares outstanding are 261.45M, and float is at 260.53M with Short Float at 1.91%. Institutions hold 102.83% of the Float.
The top institutional shareholder in the company is Capital International Investors with over 33.66 million shares valued at $1.45 billion. The investor’s holdings represent 12.89% of the ARMK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 25.29 million shares valued at $1.09 billion to account for 9.69% of the shares outstanding. The other top investors are Blackrock Inc. which holds 24.06 million shares representing 9.22% and valued at over $1.04 billion, while Morgan Stanley holds 4.82% of the shares totaling 12.57 million with a market value of $541.2 million.
Aramark (ARMK) Insider Activity
The most recent transaction is an insider sale by Harrington Lauren A,the company’sSVP and General Counsel. SEC filings show that Harrington Lauren A sold 13,384 shares of the company’s common stock on Mar 05 ’24 at a price of $31.02 per share for a total of $0.42 million. Following the sale, the insider now owns 95284.0 shares.
Aramark disclosed in a document filed with the SEC on Dec 15 ’23 that Harrington Lauren A (SVP and General Counsel) sold a total of 4,274 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $27.33 per share for $0.12 million. Following the transaction, the insider now directly holds 95142.0 shares of the ARMK stock.
Still, SEC filings show that on Dec 13 ’23, Bruno Marc A (COO, U.S. Food & Facilities) disposed off 27,884 shares at an average price of $26.67 for $0.74 million. The insider now directly holds 225,653 shares of Aramark (ARMK).
