Aramark (ARMK) is Initiated by Berenberg to Hold

Aramark (ARMK) was Initiated by Berenberg to “Hold”. Berenberg advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Aramark. Nomura Initiated Aramark on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $39.Aramark was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

On the company’s financial health, Aramark reported $0.50 EPS for the quarter, based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $3710.00 million for the quarter, compared to analysts expectations of $3699.10 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Aramark closed down -0.11 points or -0.32% at $33.97 with 11,94,657 shares getting traded on Friday. Post opening the session at $33.98, the shares hit an intraday low of $33.74 and an intraday high of $34.12 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 2, 2016, Lynn Mckee (EVP, Human Resources) sold 50,000 shares at $32.01 per share price. According to the SEC, on Aug 25, 2015, Todd M Abbrecht (director) sold 8,725,722 shares at $32.30 per share price. On Aug 24, 2015, David Barr (director) sold 6,517,070 shares at $32.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Aramark formerly ARAMARK Holdings Corporation is a global provider of food facilities and uniform services to education healthcare business and industry and sports leisure and corrections clients. The Company’s core market is North America. It serves students patients employees sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges universities and K-12 schools services over 2000 healthcare facilities caters to approximately 100 million sports fans and operates in 22 countries in North America Europe Asia and South America as of September 28 2012. It operates in three reportable segments: food and Support Services North America or FSS North America Food and Support Services International or FSS International and Uniform and Career Apparel or Uniform.


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