ARKO Corp. (NASDAQ:ARKO) Given Average Recommendation of “Hold” by Brokerages

Shares of ARKO Corp. (NASDAQ:ARKO) have earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.1250.

A number of brokerages have recently issued reports on ARKO. Zacks Research cut shares of ARKO from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of ARKO in a report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th.

ARKO Trading Down 5.7%

Shares of NASDAQ:ARKO opened at $4.65 on Thursday. ARKO has a 12-month low of $3.51 and a 12-month high of $7.84. The business has a 50 day moving average of $4.53 and a 200-day moving average of $4.58. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 3.93. The stock has a market cap of $518.15 million, a PE ratio of 42.28 and a beta of 0.83.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). ARKO had a return on equity of 6.95% and a net margin of 0.24%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. As a group, equities research analysts forecast that ARKO will post 0.2 earnings per share for the current year.

ARKO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, November 17th. ARKO’s dividend payout ratio (DPR) is 109.09%.

Institutional Trading of ARKO

Several large investors have recently modified their holdings of ARKO. Jacobs Levy Equity Management Inc. raised its stake in ARKO by 274.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 74,321 shares of the company’s stock valued at $340,000 after purchasing an additional 54,451 shares in the last quarter. Caxton Associates LLP lifted its holdings in shares of ARKO by 65.2% during the 3rd quarter. Caxton Associates LLP now owns 70,645 shares of the company’s stock worth $323,000 after acquiring an additional 27,885 shares during the period. Prosperity Wealth Management Inc. acquired a new stake in shares of ARKO during the 3rd quarter worth approximately $226,000. Numerai GP LLC bought a new position in ARKO in the third quarter valued at approximately $75,000. Finally, Brevan Howard Capital Management LP acquired a new position in ARKO during the third quarter valued at approximately $117,000. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Company Profile

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.