ARKO Corp. (NASDAQ:ARKO) Receives Consensus Recommendation of “Hold” from Analysts

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

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARKO in a research note on Monday, December 29th. Zacks Research cut shares of ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th.

ARKO Stock Performance

ARKO opened at $4.70 on Monday. The company has a market capitalization of $523.72 million, a price-to-earnings ratio of 42.73 and a beta of 0.86. The business’s 50-day moving average price is $4.62 and its two-hundred day moving average price is $4.60. ARKO has a 1 year low of $3.51 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.62 and a quick ratio of 1.18.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data 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 6.95% and a net margin of 0.24%.The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Equities analysts expect that ARKO will post 0.2 EPS for the current fiscal year.

ARKO Dividend Announcement

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

Institutional Trading of ARKO

Several institutional investors and hedge funds have recently bought and sold shares of ARKO. Assenagon Asset Management S.A. bought a new position in shares of ARKO in the 3rd quarter valued at about $2,444,000. Goldman Sachs Group Inc. raised its holdings in shares of ARKO by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after purchasing an additional 206,061 shares during the period. Strs Ohio bought a new stake in shares of ARKO in the 1st quarter valued at about $294,000. Rock Creek Group LP acquired a new stake in ARKO in the 2nd quarter valued at about $158,000. Finally, Los Angeles Capital Management LLC bought a new position in ARKO during the second quarter worth about $117,000. Institutional investors own 78.29% of the company’s stock.

About ARKO

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.