Brokerages Set ARKO Corp. (NASDAQ:ARKO) PT at $7.13

ARKO Corp. (NASDAQ:ARKO) has been given an average rating of “Buy” by the five ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.1250.

Several research analysts have recently issued reports on ARKO shares. Zacks Research upgraded shares of ARKO to a “strong-buy” rating in a report on Friday, August 8th. BMO Capital Markets upped their price target on shares of ARKO from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Raymond James Financial set a $8.00 price target on shares of ARKO and gave the stock a “strong-buy” rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Capital One Financial assumed coverage on ARKO in a report on Thursday, May 8th. They issued an “overweight” rating and a $8.00 price objective for the company.

Institutional Trading of ARKO

A number of institutional investors and hedge funds have recently bought and sold shares of ARKO. Voss Capital LP acquired a new stake in ARKO during the 1st quarter worth about $9,547,000. JPMorgan Chase & Co. grew its holdings in ARKO by 166.6% during the 4th quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company’s stock worth $4,211,000 after acquiring an additional 399,387 shares during the period. Empowered Funds LLC acquired a new stake in ARKO during the 1st quarter worth about $1,335,000. Nuveen LLC acquired a new stake in ARKO during the 1st quarter worth about $1,284,000. Finally, Goldman Sachs Group Inc. grew its holdings in ARKO by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock worth $3,013,000 after acquiring an additional 206,061 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

ARKO Stock Down 2.6%

NASDAQ ARKO opened at $4.85 on Friday. The business has a fifty day moving average price of $4.49 and a two-hundred day moving average price of $4.73. The stock has a market capitalization of $546.79 million, a PE ratio of 60.63 and a beta of 0.74. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. ARKO has a fifty-two week low of $3.51 and a fifty-two week high of $7.84.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. Equities analysts expect that ARKO will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 18th. ARKO’s dividend payout ratio is presently 150.00%.

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.