ARKO’s (ARKO) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of ARKO (NASDAQ:ARKO) in a report issued on Tuesday,Weiss Ratings reports.

A number of other equities analysts also recently commented on ARKO. Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of ARKO from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Raymond James Financial set a $8.00 price target on shares of ARKO and gave the company a “strong-buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ARKO presently has an average rating of “Hold” and a consensus target price of $7.13.

ARKO Price Performance

Shares of ARKO stock opened at $3.99 on Tuesday. The company has a market cap of $449.83 million, a P/E ratio of 49.88 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. ARKO has a one year low of $3.51 and a one year high of $7.84. The firm has a fifty day moving average of $4.75 and a two-hundred day moving average of $4.50.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. On average, analysts forecast that ARKO will post 0.2 earnings per share for the current year.

Institutional Trading of ARKO

A number of hedge funds and other institutional investors have recently made changes to their positions in ARKO. Voss Capital LP bought a new position in shares of ARKO during the first quarter worth about $9,547,000. Assenagon Asset Management S.A. acquired a new position in ARKO in the third quarter worth $2,444,000. Empowered Funds LLC acquired a new position in ARKO in the first quarter worth $1,335,000. Nuveen LLC acquired a new position in ARKO in the first quarter worth $1,284,000. Finally, Goldman Sachs Group Inc. boosted its holdings in ARKO by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock worth $3,013,000 after purchasing an additional 206,061 shares during the period. Institutional investors 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.