ARKO (NASDAQ:ARKO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of ARKO (NASDAQ:ARKOFree Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings upgraded ARKO from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, ARKO has an average rating of “Buy” and an average target price of $6.50.

Check Out Our Latest Research Report on ARKO

ARKO Stock Up 2.4%

NASDAQ:ARKO opened at $6.87 on Friday. The firm has a market capitalization of $770.68 million, a PE ratio of 36.16 and a beta of 0.94. The stock has a 50 day moving average of $5.91 and a 200-day moving average of $5.30. ARKO has a 52 week low of $3.71 and a 52 week high of $7.07. The company has a current ratio of 1.66, a quick ratio of 1.22 and a debt-to-equity ratio of 4.02.

ARKO (NASDAQ:ARKOGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. ARKO had a return on equity of 10.72% and a net margin of 0.38%.During the same period in the previous year, the firm posted ($0.12) earnings per share. Analysts predict that ARKO will post 0.26 EPS for the current year.

ARKO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 1.7%. ARKO’s payout ratio is currently 63.16%.

Insider Activity

In other ARKO news, CFO Charles Galagher Jeff acquired 40,000 shares of ARKO stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of $5.07 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $202,800. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 22.50% of the company’s stock.

Institutional Investors Weigh In On ARKO

A number of institutional investors have recently added to or reduced their stakes in the company. Phoenix Financial Ltd. lifted its position in ARKO by 20.4% in the third quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company’s stock worth $33,404,000 after purchasing an additional 1,239,512 shares during the period. Vanguard Group Inc. lifted its position in ARKO by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,795,048 shares of the company’s stock worth $17,343,000 after purchasing an additional 22,532 shares during the period. Dimensional Fund Advisors LP lifted its position in ARKO by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,021,751 shares of the company’s stock worth $16,800,000 after purchasing an additional 206,716 shares during the period. Geode Capital Management LLC lifted its position in ARKO by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,903,496 shares of the company’s stock worth $8,644,000 after purchasing an additional 7,735 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in ARKO by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,758 shares of the company’s stock worth $6,577,000 after purchasing an additional 226,591 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

ARKO News Summary

Here are the key news stories impacting ARKO this week:

ARKO Company Profile

(Get Free Report)

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.

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