Aramark (NYSE: ARMK) is -7.72% lower on its value in year-to-date trading and has touched a low of $29.82 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 $34.43 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $34.43, the stock is -5.11% and -7.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 0.00% at the moment leaves the stock -6.09% off its SMA200. ARMK registered 8.30% gain for a year compared to 6-month loss of -8.94%. The firm has a 50-day simple moving average (SMA 50) of $37.3684 and a 200-day simple moving average (SMA200) of $36.66345.
The stock witnessed a -8.09% gain in the last 1 month and extending the period to 3 months gives it a -13.84%, and is -3.12% 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 3.16% over the week and 2.85% over the month.
Aramark (ARMK) has around 266680 employees, a market worth around $9.13B and $17.55B in sales. Current P/E ratio is 27.12 and Fwd P/E is 15.19. Profit margin for the company is 1.94%. Distance from 52-week low is 15.48% and -18.97% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
with sales reaching $4.36B over the same period.The EPS is expected to grow by 23.51% this year, but quarterly earnings will post 7.12% year-over-year. Quarterly sales are estimated to grow 3.74% in year-over-year returns.
526.0 institutions hold shares in Aramark (ARMK), with institutional investors hold 100.58% of the company’s shares. The shares outstanding are 265.65M, and float is at 263.34M with Short Float at 1.88%. Institutions hold 99.92% 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 8.4103 and valued at over $753.55 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.4274 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.
