Aramark (NYSE:ARMK) Short Interest Update

Aramark (NYSE:ARMK) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 11,011,000 shares, a decline of 10.3% from the May 30th total of 12,271,800 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average trading volume of 3,400,000 shares, the short-interest ratio is presently 3.2 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank increased its holdings in Aramark by 61.1% during the 1st quarter. First Hawaiian Bank now owns 2,201 shares of the company’s stock worth $65,000 after purchasing an additional 835 shares in the last quarter. Kinneret Advisory LLC bought a new position in Aramark during the 4th quarter worth about $83,000. New Jersey Better Educational Savings Trust bought a new position in Aramark during the 1st quarter worth about $236,000. Raymond James Trust N.A. bought a new position in Aramark during the 1st quarter worth about $261,000. Finally, Janney Capital Management LLC increased its holdings in Aramark by 10.3% during the 1st quarter. Janney Capital Management LLC now owns 8,998 shares of the company’s stock worth $266,000 after purchasing an additional 837 shares in the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.

Shares of Aramark stock opened at $36.45 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 2.21. Aramark has a 52 week low of $25.49 and a 52 week high of $43.70. The company’s fifty day simple moving average is $34.83. The company has a market cap of $8.98 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Aramark had a net margin of 3.27% and a return on equity of 17.31%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts forecast that Aramark will post 2.03 earnings per share for the current fiscal year.

ARMK has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and set a GBX 2,280 ($29.79) target price on shares of Anglo American in a research report on Wednesday, May 8th. ValuEngine cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Nomura reiterated a “neutral” rating and set a $28.00 target price (down previously from $46.00) on shares of Aramark in a research report on Monday, March 18th. TheStreet cut shares of Primeenergy Resources from a “b-” rating to a “c” rating in a research report on Friday, July 5th. Finally, Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.25.

About Aramark

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.

Read More: Dividend Stocks – Are They Right For You?

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.