ARKO (NASDAQ:ARKO) Upgraded at Wall Street Zen

ARKO (NASDAQ:ARKO) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Other equities research analysts also recently issued research reports about the stock. Zacks Research lowered shares of ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Raymond James Financial set a $8.00 price objective on ARKO and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of ARKO in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.13.

ARKO Stock Down 0.2%

ARKO stock opened at $4.37 on Friday. The firm has a market cap of $486.95 million, a price-to-earnings ratio of 54.63 and a beta of 0.78. ARKO has a 1-year low of $3.51 and a 1-year high of $7.84. The firm has a fifty day moving average price of $4.48 and a two-hundred day moving average price of $4.56. 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 (NASDAQ:ARKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a return on equity of 5.50% and a net margin of 0.18%.The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Research analysts predict that ARKO will post 0.2 EPS for the current year.

Hedge Funds Weigh In On ARKO

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ARKO by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock worth $189,000 after purchasing an additional 2,028 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of ARKO by 4.7% during the first quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company’s stock worth $190,000 after acquiring an additional 2,136 shares during the last quarter. Significant Wealth Partners LLC lifted its stake in shares of ARKO by 12.7% during the third quarter. Significant Wealth Partners LLC now owns 21,719 shares of the company’s stock valued at $99,000 after acquiring an additional 2,453 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 3,972 shares during the last quarter. Finally, Creative Planning increased its position in ARKO by 37.9% in the second quarter. Creative Planning now owns 15,156 shares of the company’s stock worth $64,000 after purchasing an additional 4,163 shares during the period. 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.