ARKO (NASDAQ:ARKO) Shares Cross Above Fifty Day Moving Average – Should You Sell?

ARKO Corp. (NASDAQ:ARKO) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.19 and traded as high as $4.29. ARKO shares last traded at $4.20, with a volume of 1,014,018 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of ARKO from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Mizuho set a $22.00 price objective on shares of ARKO in a report on Tuesday, July 28th. Weiss Ratings cut shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Finally, Raymond James Financial downgraded shares of ARKO from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $8.00 to $7.00 in a research report on Monday, August 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.50.

ARKO Stock Up 5.8%

The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The company has a market cap of $471.20 million, a P/E ratio of 84.02 and a beta of 0.99. The company has a fifty day moving average of $4.19 and a 200 day moving average of $5.94.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). ARKO had a net margin of 0.19% and a return on equity of 4.02%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.02 billion. On average, research analysts anticipate that ARKO Corp. will post 0.11 earnings per share for the current fiscal year.

ARKO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, November 20th. ARKO’s payout ratio is currently 240.00%.

Institutional Investors Weigh In On ARKO

Hedge funds and other institutional investors have recently made changes to their positions in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in ARKO by 26.5% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,075,000 shares of the company’s stock valued at $4,429,000 after buying an additional 225,000 shares during the last quarter. Engineers Gate Manager LP raised its position in ARKO by 46.5% in the second quarter. Engineers Gate Manager LP now owns 101,499 shares of the company’s stock worth $815,000 after acquiring an additional 32,204 shares during the period. Squarepoint Ops LLC purchased a new position in shares of ARKO during the 2nd quarter worth $174,000. Ancora Advisors LLC boosted its stake in shares of ARKO by 23.0% during the 2nd quarter. Ancora Advisors LLC now owns 719,960 shares of the company’s stock worth $5,781,000 after acquiring an additional 134,682 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of ARKO during the 2nd quarter worth $4,671,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

ARKO Company Profile

ARKO Corp. (NASDAQ: ARKO) is a convenience store and fuel retail operator in the United States. Through its subsidiary GPM Investments, the company operates convenience stores that sell gasoline, diesel fuel, food, beverages, tobacco products, and other everyday consumer goods. Many locations also offer prepared food, loyalty programs, and additional retail services.

ARKO operates stores under a variety of regional and national banners, including fas mart, E-Z Mart, Scotchman, Young’s, Li’l Cricket, BreadBox, and others.