ARKO (NASDAQ:ARKO) Trading Down 4.1% – What’s Next?

ARKO Corp. (NASDAQ:ARKO)’s share price dropped 4.1% on Thursday . The company traded as low as $4.49 and last traded at $4.48. Approximately 137,472 shares traded hands during trading, a decline of 83% from the average session volume of 832,155 shares. The stock had previously closed at $4.67.

Analyst Ratings Changes

ARKO has been the subject of several analyst reports. Mizuho set a $22.00 price objective on shares of ARKO in a research note on Tuesday, July 28th. Zacks Research downgraded shares of ARKO from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Raymond James Financial cut ARKO from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $8.00 to $7.00 in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded ARKO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ARKO presently has an average rating of “Hold” and an average price target of $14.50.

ARKO Stock Down 3.7%

The firm has a market capitalization of $504.28 million, a price-to-earnings ratio of 64.21 and a beta of 1.00. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.15 and a current ratio of 1.60. The business’s 50 day moving average is $6.96 and its 200-day moving average is $6.65.

ARKO (NASDAQ:ARKO) last released its earnings results on Friday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). ARKO had a return on equity of 4.02% and a net margin of 0.19%.The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities analysts anticipate that ARKO Corp. will post 0.11 EPS for the current fiscal year.

ARKO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 20th. ARKO’s payout ratio is currently 171.43%.

Insider Buying and Selling at ARKO

In related news, General Counsel Maury Bricks sold 15,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $7.69, for a total transaction of $115,350.00. Following the completion of the sale, the general counsel owned 182,841 shares in the company, valued at $1,406,047.29. This represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.90% of the company’s stock.

Institutional Investors Weigh In On ARKO

Several hedge funds have recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of ARKO by 7.3% during the fourth quarter. Cerity Partners LLC now owns 24,671 shares of the company’s stock valued at $112,000 after acquiring an additional 1,685 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of ARKO by 0.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,977 shares of the company’s stock worth $3,278,000 after purchasing an additional 1,992 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ARKO by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after buying an additional 2,028 shares during the last quarter. Russell Investments Group Ltd. increased its position in ARKO by 6.7% in the fourth quarter. Russell Investments Group Ltd. now owns 51,087 shares of the company’s stock worth $232,000 after purchasing an additional 3,229 shares during the period. Finally, Deutsche Bank AG lifted its position in ARKO by 4.9% during the 4th quarter. Deutsche Bank AG now owns 69,430 shares of the company’s stock valued at $315,000 after purchasing an additional 3,250 shares during the period. 78.29% of the stock is owned by institutional investors.

ARKO Company Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.