ARKO Corp. (NASDAQ:ARKO) Receives Average Rating of “Hold” from Analysts

Shares of ARKO Corp. (NASDAQ:ARKO) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.1250.

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of ARKO in a research note on Monday. Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the company a “strong-buy” rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th.

ARKO Price Performance

Shares of ARKO stock opened at $4.76 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. The company has a market capitalization of $530.41 million, a PE ratio of 59.51 and a beta of 0.78. The firm’s 50-day moving average is $4.36 and its two-hundred day moving average is $4.56. ARKO has a 12 month low of $3.51 and a 12 month high of $7.84.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. Analysts predict that ARKO will post 0.2 earnings per share for the current year.

ARKO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 17th. ARKO’s dividend payout ratio is currently 109.09%.

Institutional Trading of ARKO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ARKO by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock worth $189,000 after buying an additional 2,028 shares during the period. Neuberger Berman Group LLC lifted its stake in ARKO by 4.7% during the 1st quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company’s stock worth $190,000 after acquiring an additional 2,136 shares in the last quarter. Significant Wealth Partners LLC lifted its stake in ARKO by 12.7% during the 3rd quarter. Significant Wealth Partners LLC now owns 21,719 shares of the company’s stock worth $99,000 after acquiring an additional 2,453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ARKO by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company’s stock valued at $2,955,000 after acquiring an additional 3,972 shares during the period. Finally, Creative Planning boosted its holdings in ARKO by 37.9% during the 2nd quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after acquiring an additional 4,163 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

ARKO Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.