ARKO Corp. (NASDAQ:ARKO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• ARKO Corp. has received a consensus rating of "Moderate Buy" from six ratings firms, with mixed recommendations including one sell, two holds, one buy, and two strong buys.
• The average 12-month price target set by analysts for ARKO stock is $7.1250, with recent evaluations differing among analysts.
• Institutional investors own 78.29% of ARKO's stock, indicating strong institutional interest in the company.

Shares of ARKO Corp. (NASDAQ:ARKO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.1250.

Several equities analysts have recently weighed in on ARKO shares. Raymond James Financial set a $8.00 price objective on ARKO and gave the company a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded ARKO from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of ARKO in a research report on Saturday, September 27th. Finally, Zacks Research raised ARKO to a "strong-buy" rating in a research report on Friday, August 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ARKO. Ameriprise Financial Inc. acquired a new position in shares of ARKO during the fourth quarter worth about $68,000. Bank of America Corp DE boosted its position in shares of ARKO by 22.8% during the fourth quarter. Bank of America Corp DE now owns 124,771 shares of the company's stock worth $822,000 after buying an additional 23,165 shares during the period. Squarepoint Ops LLC acquired a new position in shares of ARKO during the fourth quarter worth about $100,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ARKO by 67.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,661 shares of the company's stock worth $1,586,000 after acquiring an additional 97,069 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in ARKO during the fourth quarter worth about $53,000. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Trading Up 0.2%

NASDAQ:ARKO opened at $4.49 on Friday. ARKO has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. The stock has a market capitalization of $506.20 million, a PE ratio of 56.13 and a beta of 0.77. The business's 50-day simple moving average is $4.79 and its 200-day simple moving average is $4.51.

ARKO (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. ARKO had a return on equity of 5.50% and a net margin of 0.18%.The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.04 billion. Sell-side analysts expect that ARKO will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 18th. ARKO's dividend payout ratio is currently 150.00%.

ARKO Company Profile

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.

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