The COB, Pres & CEO of ARAMARK Holdings (ARMK) is Buying Shares


Yesterday, the COB, Pres & CEO of ARAMARK Holdings (ARMK), Eric Foss, bought shares of ARMK for $3M.

This recent transaction increases Eric Foss’ holding in the company by 5.83% to a total of $53.93 million.

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Based on ARAMARK Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.91 billion and quarterly net profit of $175 million. In comparison, last year the company earned revenue of $3.65 billion and had a net profit of $113 million. ARMK’s market cap is $7.92B and the company has a P/E ratio of 14.26. Currently, ARAMARK Holdings has an average volume of 6.88M.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $44.17, reflecting a 37.6% upside. Starting in November 2018, ARMK received 6 Buy ratings in a row. Five different firms, including Merrill Lynch and RBC Capital, currently also have a Buy rating on the stock.

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Aramark engages in the provision of food, facilities, and uniform services. It operates through the following business segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform.

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