ARKO (NASDAQ:ARKO) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded ARKO from “hold” to “strong sell.” Other analyst views were also cautious, leaving the stock with an average “Reduce” rating and a reported average price target of $14.50.
• ARKO reported quarterly earnings of $0.08 per share, below the $0.12 consensus estimate, though revenue of $2.39 billion topped the $2.02 billion forecast.
• Shares opened at $4.24 and were up 1.0% that day; the stock’s 12-month range was $3.61–$8.76.

ARKO (NASDAQ:ARKO - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Monday, Zacks reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of ARKO from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Raymond James Financial downgraded shares of ARKO from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $8.00 to $7.00 in a research report on Monday, August 10th. Finally, Mizuho set a $22.00 price objective on shares of ARKO in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $14.50.

ARKO Stock Up 1.0%

Shares of NASDAQ:ARKO opened at $4.24 on Monday. The firm has a market cap of $475.64 million, a P/E ratio of 84.82 and a beta of 0.99. ARKO has a 12-month low of $3.61 and a 12-month high of $8.76. The business has a fifty day simple moving average of $4.19 and a 200 day simple moving average of $5.94. The company has a quick ratio of 1.02, a current ratio of 1.47 and a debt-to-equity ratio of 1.68.

ARKO (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). ARKO had a net margin of 0.14% and a return on equity of 2.87%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.02 billion. Analysts predict that ARKO will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in ARKO in the 3rd quarter valued at about $42,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in ARKO by 26.5% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,075,000 shares of the company's stock valued at $4,429,000 after purchasing an additional 225,000 shares during the period. Engineers Gate Manager LP grew its position in shares of ARKO by 46.5% during the 2nd quarter. Engineers Gate Manager LP now owns 101,499 shares of the company's stock valued at $815,000 after acquiring an additional 32,204 shares during the period. Squarepoint Ops LLC bought a new position in shares of ARKO during the 2nd quarter worth $174,000. Finally, Ancora Advisors LLC lifted its stake in shares of ARKO by 23.0% during the 2nd quarter. Ancora Advisors LLC now owns 719,960 shares of the company's stock valued at $5,781,000 after buying an additional 134,682 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

About ARKO

ARKO Corp. NASDAQ: ARKO is a convenience store and fuel retail operator in the United States. Through its subsidiary GPM Investments, the company operates convenience stores that sell gasoline, diesel fuel, food, beverages, tobacco products, and other everyday consumer goods. Many locations also offer prepared food, loyalty programs, and additional retail services. ARKO operates stores under a variety of regional and national banners, including fas mart, E-Z Mart, Scotchman, Young's, Li'l Cricket, BreadBox, and others.

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