Oppenheimer Reiterates Buy Rating on Aramark
Oppenheimer sets a $65 price target for Aramark, maintaining its buy rating, a 14.24% upside from the current price.
Key Points
- Oppenheimer reiterated its buy rating on Aramark with a price target of $65 as of June 29, 2026.
- Oppenheimer's $65 price target implies 14.24% upside from Aramark's ($ARMK) current $56.90 share price.
- Aramark's shares traded near $56.06 on Monday, with a market cap of $14.74 billion and a P/E ratio of 41.84.
- Insider buying activity included CEO John Zillmer acquiring 974 shares on June 3, 2026.
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Oppenheimer has reiterated its buy rating for Aramark (NYSE:ARMK) with a price target of $65. This update came on June 29, 2026, as analyst Ian Zaffino maintained his positive outlook on the company.
Oppenheimer vs. the S&P 500
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Aramark Stock Down 2.2%
Shares of NYSE:ARMK traded near $56.06 on Monday. Aramark, which provides food and facilities services, has a market cap of about $14.74 billion. Its P/E ratio stands at 41.84, with a forward P/E of 20.83. The stock has experienced a 52-week low of $35.07 and a high of $56.23. Moving averages for 50 and 200 days are $50.33 and $41.88, respectively. The company's current ratio is 1.21, while its quick ratio is 0.96, and debt-to-equity ratio is 192.21.
$ARMK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Aramark reported revenue of approximately $19.41 billion, with a growth rate of 14.7%. Its earnings per share (EPS) are $1.34, and the company has a net margin of 1.84% and a return on equity (ROE) of 11.22%. The next earnings report is expected on August 11, 2026.
Insider Buying and Selling at Aramark
Several insiders at Aramark have been buying shares recently. On June 3, 2026, CEO John Zillmer acquired 974 shares. Other executives, including COO Marc Bruno and EVP Lauren Harrington, also purchased shares on the same day. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On June 29, 2026, Oppenheimer maintained its buy rating on Aramark with a price target of $65. Earlier, on June 22, Citigroup also maintained a buy rating, setting a target of $70.5. Other firms like B of A Securities and RBC Capital have also shown optimism, with price targets of $62 and $55, respectively. The consensus among 16 analysts is a strong buy, with an average target price of $57.25.
About Aramark
Aramark is a global leader in providing food and facilities services to a diverse range of clients including education, healthcare, business, and industry sectors. Headquartered in Philadelphia, Pennsylvania, the company operates in both domestic and international markets. With around 278,390 employees, Aramark is led by CEO John J. Zillmer. The company offers a wide range of services from catering and dining to facility management and support services.
Bottom Line
Oppenheimer's reiteration of a buy rating with a $65 target reflects ongoing confidence in Aramark's business strategy. Investors often track analyst ratings as they provide insights into potential stock movements. However, it's important to remember that these ratings are based on past performance and market conditions, and may not predict future results.
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