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Aramark (ARMK) – Don’t Be So Quick to Call it Dead

Aramark (NYSE: ARMK) is -1.23% lower on its value in year-to-date trading and has touched a low of $28.30 and a high of $42.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARMK stock was last observed hovering at around $36.27 in the last trading session, with the day’s gains setting it 0.58%.

Currently trading at $36.85, the stock is -3.17% and -5.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 1.60% at the moment leaves the stock 3.78% off its SMA200. ARMK registered 27.60% gain for a year compared to 6-month gain of 13.84%. The firm has a 50-day simple moving average (SMA 50) of $38.8752 and a 200-day simple moving average (SMA200) of $35.48005.

The stock witnessed a -11.44% loss in the last 1 month and extending the period to 3 months gives it a -1.99%, and is -1.23% 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 2.29% over the week and 2.19% over the month.

Aramark (ARMK) has around 266680 employees, a market worth around $9.76B and $17.40B in sales. Current P/E ratio is 37.43 and Fwd P/E is 16.07. Profit margin for the company is 1.51%. Distance from 52-week low is 30.24% and -13.27% from its 52-week high. The company has generated returns on investments over the last 12 months (3.46%).

The EPS is expected to grow by 24.77% this year

528.0 institutions hold shares in Aramark (ARMK), with institutional investors hold 98.35% of the company’s shares. The shares outstanding are 263.94M, and float is at 263.15M with Short Float at 2.50%. Institutions hold 97.76% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.35 million shares valued at $862.46 million. The investor’s holdings represent 9.6452 of the ARMK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.4 million shares valued at $761.94 million to account for 8.5211 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 22.15 million shares representing 8.4279 and valued at over $753.55 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.4409 of the shares totaling 16.93 million with a market value of $575.93 million.

Aramark (ARMK) Insider Activity

The most recent transaction is an insider sale by Harrington Lauren A, the company’s SVP and General Counsel. SEC filings show that Harrington Lauren A sold 7,909 shares of the company’s common stock on Nov 26 ’24 at a price of $42.17 per share for a total of $0.33 million. Following the sale, the insider now owns 89447.0 shares.

Still, SEC filings show that on Mar 05 ’24, Harrington Lauren A (SVP and General Counsel) disposed off 13,384 shares at an average price of $31.02 for $0.42 million. The insider now directly holds 95,284 shares of Aramark (ARMK).

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