ARKO Corp. (NASDAQ:ARKO) Given Average Rating of “Moderate Buy” by Brokerages

ARKO Corp. (NASDAQ:ARKO) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.1250.

Several research firms recently issued reports on ARKO. Weiss Ratings reiterated a “sell (d+)” rating on shares of ARKO in a report on Saturday, September 27th. Wall Street Zen upgraded ARKO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Raymond James Financial set a $8.00 price objective on ARKO and gave the company a “strong-buy” rating in a research note on Friday, August 8th. Finally, Zacks Research upgraded ARKO to a “strong-buy” rating in a research note on Friday, August 8th.

ARKO Stock Performance

ARKO opened at $4.49 on Friday. ARKO has a 52-week low of $3.51 and a 52-week high of $7.84. The firm has a market capitalization of $506.20 million, a PE ratio of 56.13 and a beta of 0.77. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.11 and a current ratio of 1.55. The business’s 50-day simple moving average is $4.79 and its 200 day simple moving average is $4.51.

ARKO (NASDAQ:ARKO) last released its earnings results on Wednesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. ARKO had a return on equity of 5.50% and a net margin of 0.18%.The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. As a group, sell-side analysts expect that ARKO will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.03 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.12 annualized dividend and a yield of 2.7%. ARKO’s dividend payout ratio is currently 150.00%.

Institutional Trading of ARKO

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in ARKO by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after buying an additional 206,061 shares during the period. Gabelli Funds LLC increased its stake in shares of ARKO by 134.5% during the first quarter. Gabelli Funds LLC now owns 333,000 shares of the company’s stock worth $1,315,000 after purchasing an additional 191,000 shares during the period. Hsbc Holdings PLC bought a new position in shares of ARKO during the first quarter worth approximately $45,000. Nuveen LLC bought a new position in shares of ARKO during the first quarter worth approximately $1,284,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of ARKO during the fourth quarter worth approximately $53,000. 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.