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

ARKO Corp. (NASDAQ:ARKO) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.00.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of ARKO in a research note on Monday, December 29th.

Insider Buying and Selling at ARKO

In other news, CFO Charles Galagher Jeff purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average cost of $5.07 per share, with a total value of $202,800.00. Following the completion of the transaction, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at approximately $202,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.50% of the stock is owned by insiders.

Institutional Investors Weigh In On ARKO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of ARKO during the 4th quarter worth approximately $46,000. MQS Management LLC bought a new position in shares of ARKO in the fourth quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its holdings in shares of ARKO by 193.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after acquiring an additional 8,115 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of ARKO during the fourth quarter valued at approximately $57,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of ARKO during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

ARKO Stock Performance

Shares of ARKO stock opened at $5.46 on Friday. The company has a market cap of $605.46 million, a PE ratio of 39.00 and a beta of 0.83. ARKO has a 52 week low of $3.51 and a 52 week high of $6.70. The business has a 50 day moving average price of $5.77 and a 200-day moving average price of $4.99. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 4.02.

ARKO (NASDAQ:ARKO) last announced its earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. ARKO had a return on equity of 8.58% and a net margin of 0.30%.The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Equities analysts anticipate that ARKO will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a $0.03 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 2.2%. ARKO’s dividend payout ratio is currently 85.71%.

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.