Arko (NASDAQ:ARKO) Price Target Lowered to $5.00 at Wells Fargo & Company

Arko (NASDAQ:ARKO) had its price target decreased by Wells Fargo & Company from $7.00 to $5.00 in a report published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Separately, BMO Capital Markets lowered their price objective on shares of Arko from $8.00 to $7.00 and set a market perform rating on the stock in a research note on Thursday, February 29th.

Arko Price Performance

NASDAQ ARKO opened at $4.58 on Friday. Arko has a 12 month low of $4.36 and a 12 month high of $8.58. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.54 and a quick ratio of 1.03. The firm has a market capitalization of $532.10 million, a PE ratio of 18.32 and a beta of 0.28. The company’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $7.20.

Arko (NASDAQ:ARKO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Arko had a net margin of 0.37% and a return on equity of 12.32%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business earned $0.09 earnings per share. As a group, equities research analysts forecast that Arko will post 0.09 EPS for the current fiscal year.

Arko Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a $0.03 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.12 annualized dividend and a yield of 2.62%. Arko’s dividend payout ratio (DPR) is 48.00%.

Insiders Place Their Bets

In other Arko news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the transaction, the insider now owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 32.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arko

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARKO. Gabelli Funds LLC boosted its stake in shares of Arko by 300.0% during the 4th quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock valued at $660,000 after buying an additional 60,000 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Arko during the 4th quarter valued at $104,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Arko by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,039,264 shares of the company’s stock valued at $8,574,000 after buying an additional 28,883 shares during the period. Corton Capital Inc. boosted its stake in shares of Arko by 4.7% during the 3rd quarter. Corton Capital Inc. now owns 48,607 shares of the company’s stock valued at $348,000 after buying an additional 2,168 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Arko during the 3rd quarter valued at $95,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Arko

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.