AramarkARMK
Market Cap: $9.64B
About: Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international, food and support services united states and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.
Employees: 262,550
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 48
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
16% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 115
4% more funds holding
Funds holding: 347 [Q1] → 362 (+15) [Q2]
1% more capital invested
Capital invested by funds: $8.76B [Q1] → $8.88B (+$117M) [Q2]
0% more call options, than puts
Call options by funds: $41.3M | Put options by funds: $41.2M
3.42% less ownership
Funds ownership: 102.66% [Q1] → 99.24% (-3.42%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
B of A Securities Gary Bisbee 67% 1-year accuracy 2 / 3 met price target | 6%upside $39 | Buy Maintained | 7 Aug 2024 |
JP Morgan Andrew Steinerman 77% 1-year accuracy 17 / 22 met price target | 6%upside $39 | Overweight Maintained | 7 Aug 2024 |
Deutsche Bank Faiza Alwy 57% 1-year accuracy 4 / 7 met price target | 6%upside $39 | Buy Upgraded | 7 Aug 2024 |
Baird Andrew Wittmann 72% 1-year accuracy 21 / 29 met price target | 4%upside $38 | Neutral Maintained | 7 Aug 2024 |
RBC Capital Ashish Sabadra 85% 1-year accuracy 41 / 48 met price target | 2%downside $36 | Sector Perform Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 4 articles about ARMK published over the past 30 days