ARKO Corp. (NASDAQ:ARKO) Given Consensus Recommendation of “Moderate Buy” by Analysts

ARKO Corp. (NASDAQ:ARKO) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.35.

ARKO has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of ARKO from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Raymond James Financial cut their target price on shares of ARKO from $11.00 to $10.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. Capital One Financial assumed coverage on shares of ARKO in a research report on Thursday, May 8th. They set an “overweight” rating and a $8.00 price target on the stock. Finally, Wall Street Zen lowered shares of ARKO from a “hold” rating to a “sell” rating in a research report on Friday.

ARKO Stock Down 0.7%

ARKO stock opened at $4.28 on Friday. The company has a market cap of $490.83 million, a P/E ratio of 142.67 and a beta of 0.73. ARKO has a 1-year low of $3.51 and a 1-year high of $7.84. The company has a fifty day simple moving average of $4.56 and a 200 day simple moving average of $5.04. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 4.21.

ARKO (NASDAQ:ARKO) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.85 billion. ARKO had a net margin of 0.10% and a return on equity of 3.23%. Research analysts anticipate that ARKO will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARKO

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ARKO by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company’s stock valued at $302,000 after purchasing an additional 1,572 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of ARKO by 4.7% in the first quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company’s stock valued at $190,000 after purchasing an additional 2,136 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ARKO by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company’s stock valued at $2,955,000 after purchasing an additional 3,972 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of ARKO by 90.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after purchasing an additional 4,639 shares during the last quarter. Finally, Teton Advisors Inc. raised its holdings in shares of ARKO by 5.0% in the fourth quarter. Teton Advisors Inc. now owns 105,000 shares of the company’s stock valued at $692,000 after purchasing an additional 5,000 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.