Lauren A. Harrington, Senior Vice President and General Counsel at Aramark (NYSE:ARMK), recently executed a series of stock transactions involving the company's common stock. The timing is notable as Aramark's stock has shown strong momentum, with a 46% gain year-to-date and currently trading near its 52-week high of $42.49. According to a recent filing, Harrington sold 7,909 shares of Aramark stock at a weighted average price of $42.17, resulting in a total transaction value of approximately $333,522. This sale was part of a broader transaction on November 26, 2024, which also included the acquisition of 7,909 shares through the exercise of stock options at $23.55 per share. Following these transactions, Harrington holds 89,447.067 shares in the company, representing a stake in this $10.8 billion market cap food service giant. Based on InvestingPro analysis, which includes 10+ additional exclusive insights and detailed insider trading patterns, the stock is currently trading near its Fair Value. Want deeper insights? InvestingPro's comprehensive research report offers expert analysis on Aramark's insider transactions and valuation metrics.
In other recent news, ARAMARK Holdings (NYSE:ARMK) has been the subject of several analyst reports. Truist Securities maintained a Buy rating on the company's stock, increasing its price target to $46.00 from the previous $42.00. This adjustment followed ARAMARK's mixed fourth fiscal quarter report and a forecast for fiscal year 2025 that suggests slight growth. The company's potential for valuation growth, improvement in profit margins, and more manageable debt levels were noted.
In contrast, Baird maintained a Neutral rating on ARAMARK but raised the price target to $44. The decision came after ARAMARK's fourth quarter fiscal year 2024 results met expectations, with the company's initial fiscal year 2025 guidance aligning with long-term targets.
In fiscal year 2024, ARAMARK reported a 10% year-over-year organic revenue growth, a 20% rise in adjusted operating income, and a 35% increase in adjusted EPS on a constant currency basis. Total (EPA:TTEF) revenue for the fiscal year reached $17.4 billion. The company also announced a new $500 million share repurchase program and secured $1.4 billion in new business. For fiscal 2025, ARAMARK projects organic revenue growth of 7.5% to 9.5%, adjusted operating income growth of 15% to 18%, and adjusted EPS growth of 23% to 28%. These are recent developments that reflect ARAMARK's strategic growth and operational efficiency.
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