ARKO (NASDAQ:ARKO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of ARKO (NASDAQ:ARKO) from a sell rating to a hold rating in a research report report published on Sunday.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of ARKO in a research note on Wednesday, November 5th. Zacks Research downgraded shares of ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Raymond James Financial set a $8.00 target price on ARKO and gave the company a “strong-buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.13.

ARKO Stock Performance

Shares of ARKO stock opened at $4.37 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. ARKO has a 52 week low of $3.51 and a 52 week high of $7.84. The firm’s 50 day moving average is $4.48 and its two-hundred day moving average is $4.56. The firm has a market capitalization of $486.95 million, a P/E ratio of 54.63 and a beta of 0.78.

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

ARKO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th 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 is Monday, November 17th. ARKO’s payout ratio is currently 109.09%.

Hedge Funds Weigh In On ARKO

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in shares of ARKO in the first quarter valued at $45,000. Corton Capital Inc. acquired a new stake in shares of ARKO during the 1st quarter worth about $45,000. Tower Research Capital LLC TRC grew its holdings in shares of ARKO by 193.1% during the second quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock worth $52,000 after buying an additional 8,115 shares in the last quarter. PEAK6 LLC purchased a new stake in shares of ARKO during the first quarter worth about $50,000. Finally, CWM LLC raised its position in shares of ARKO by 131.8% in the third quarter. CWM LLC now owns 12,932 shares of the company’s stock valued at $59,000 after buying an additional 7,353 shares during the last quarter. 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.