Stryker shares tumble despite strong Q2 results and raised guidance
Aramark Holdings (NYSE:ARMK) stock reached a new 52-week high, trading at $44.10, marking a significant milestone for the $11.49 billion food service and facilities management company. InvestingPro data shows the stock has demonstrated impressive momentum, with an 18.12% gain year-to-date and a P/E ratio of 33.22. This peak reflects a 32.79% increase in the stock’s value over the past year, underscoring a period of robust growth and investor confidence in the company’s performance. The rise to this 52-week high highlights Aramark’s successful strategies in navigating market challenges and capitalizing on opportunities, contributing to its impressive year-over-year gains. According to InvestingPro, the company has maintained dividend payments for 12 consecutive years, currently offering a yield of 0.96%. Discover 7 additional exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Aramark announced a quarterly dividend of 10.5 cents per share, payable on August 20, 2025, to shareholders of record as of August 6, 2025. UBS maintained its Buy rating and a price target of $44 on Aramark, anticipating results in line with expectations for the upcoming fiscal third-quarter, with a forecasted 6.5% organic growth. Aramark has also secured new dining service contracts with six universities across the United States, expanding its presence in the collegiate hospitality sector. RBC Capital Markets reaffirmed its Outperform rating on Aramark, with a price target of $47, citing the company’s sustained earnings growth and international expansion prospects. Citi analysts raised their price target for Aramark to $46.50, maintaining a Buy rating, following the company’s Q2 results that showed a 30 basis point margin improvement and significant contract wins. Citi highlighted Aramark’s strong retention rate of approximately 98% and noted the potential for earnings upgrades in fiscal year 2026. These developments reflect Aramark’s ongoing growth and strategic initiatives in various sectors.
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