Brokerages Set ARKO Corp. (NASDAQ:ARKO) PT at $7.13

Key Points

• ARKO Corp. has received a consensus rating of "Buy" from five analysts, with an average 1-year price target of $7.1250.
• Institutional investors own 78.29% of ARKO's stock, with several firms recently increasing their stakes during the second quarter.
• The company announced a quarterly dividend of $0.03 per share, representing an annualized yield of 2.4%, despite a high payout ratio of 150.00%.

ARKO Corp. (NASDAQ:ARKO - Get Free Report) has received a consensus recommendation of "Buy" from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.1250.

A number of research analysts recently weighed in on ARKO shares. Zacks Research upgraded shares of ARKO to a "strong-buy" rating in a research report on Friday, August 8th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the company a "strong-buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of ARKO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

ARKO Stock Down 3.1%

Shares of NASDAQ:ARKO traded down $0.16 during trading on Tuesday, reaching $5.03. 452,384 shares of the stock traded hands, compared to its average volume of 474,897. The stock has a 50-day moving average of $4.71 and a two-hundred day moving average of $4.44. ARKO has a 52-week low of $3.51 and a 52-week high of $7.84. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.11 and a current ratio of 1.55. The stock has a market cap of $567.08 million, a P/E ratio of 62.88 and a beta of 0.78.

ARKO (NASDAQ:ARKO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. As a group, 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 announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. ARKO's dividend payout ratio (DPR) is 150.00%.

Institutional Investors Weigh In On ARKO

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in ARKO by 90.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock worth $64,000 after purchasing an additional 4,639 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in ARKO by 25.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,373 shares of the company's stock worth $214,000 after acquiring an additional 6,497 shares during the period. Northern Trust Corp grew its stake in ARKO by 9.0% during the 4th quarter. Northern Trust Corp now owns 709,445 shares of the company's stock valued at $4,675,000 after acquiring an additional 58,453 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in ARKO in the 4th quarter worth approximately $68,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of ARKO in the fourth quarter valued at about $1,248,000. Institutional investors own 78.29% of the company's stock.

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.