Goldman Sachs Group Adds $126M in Aramark ($ARMK)
Key Points
- Goldman Sachs Group changed its Aramark ($ARMK) stake by 91.5% last quarter, boosting to 4,825,433 shares worth $263.18 million.
- Wall Street's consensus rating on $ARMK is Strong Buy and an average price target of $56.62.
- $ARMK last traded around $54.54.
Goldman Sachs Group increased its position in Aramark ($ARMK) by 91.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,825,433 shares of Aramark after buying 2,305,534 shares during the quarter. Goldman Sachs Group's holdings in Aramark were worth $263.18 million as of its most recent filing.
Aramark ($ARMK) Stock
Aramark Earnings
Aramark Dividend
Analysts Set New Price Targets
About Aramark
Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. The company operates in two segments, Food and Support Services United States, and Food and Support Services International. It offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services. The company also provides on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising landscaping, transportation, capital program management, payment services, and other facility consulting services relating to building operations. In addition, it offers concessions, banquet, and catering services; retail services and merchandise sale, recreational, and lodging services; and facility management services at sports, entertainment, and recreational facilities. Further, the company offers correctional food; and operates commissaries, laundry facilities, and property rooms. The company was formerly known as ARAMARK Holdings Corporation. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.
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