ARKO Corp. (NASDAQ:ARKO) Receives Average Rating of “Hold” from Analysts

Shares of ARKO Corp. (NASDAQ:ARKO) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $7.1250.

Several analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARKO. Wealth Enhancement Advisory Services LLC bought a new stake in ARKO in the fourth quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its position in shares of ARKO by 193.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock worth $52,000 after buying an additional 8,115 shares during the period. CWM LLC increased its stake in shares of ARKO by 131.8% in the 3rd quarter. CWM LLC now owns 12,932 shares of the company’s stock valued at $59,000 after acquiring an additional 7,353 shares in the last quarter. SG Americas Securities LLC boosted its stake in ARKO by 30.9% during the fourth quarter. SG Americas Securities LLC now owns 13,225 shares of the company’s stock worth $60,000 after acquiring an additional 3,124 shares in the last quarter. Finally, Creative Planning boosted its stake in ARKO by 37.9% during the second quarter. Creative Planning now owns 15,156 shares of the company’s stock worth $64,000 after acquiring an additional 4,163 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Stock Down 1.4%

Shares of NASDAQ:ARKO opened at $6.57 on Friday. The firm has a market cap of $732.10 million, a P/E ratio of 59.73 and a beta of 0.87. ARKO has a 12-month low of $3.51 and a 12-month high of $7.84. The business has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $4.71. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 3.93.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a net margin of 0.24% and a return on equity of 6.95%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. Analysts predict that ARKO will post 0.2 earnings per share for the current year.

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.