ARKO Corp. (NASDAQ:ARKO) Receives Consensus Rating of "Buy" from Brokerages

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%.

Shares of ARKO Corp. (NASDAQ:ARKO - Get Free Report) have received a consensus rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.1250.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of ARKO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the company a "strong-buy" rating in a research note on Friday, August 8th. Zacks Research raised shares of ARKO to a "strong-buy" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets upped their price objective on shares of ARKO from $4.50 to $5.00 and gave the company a "market perform" rating in a research note on Monday, May 12th.

Institutional Investors Weigh In On ARKO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new stake in ARKO during the 2nd quarter valued at $181,000. CANADA LIFE ASSURANCE Co bought a new stake in ARKO during the 2nd quarter valued at $88,000. Tower Research Capital LLC TRC raised its holdings in ARKO by 193.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company's stock valued at $52,000 after buying an additional 8,115 shares during the last quarter. Man Group plc bought a new stake in ARKO during the 2nd quarter valued at $333,000. Finally, Engineers Gate Manager LP bought a new stake in ARKO during the 2nd quarter valued at $88,000. 78.29% of the stock is currently owned by institutional investors.

ARKO Price Performance

ARKO stock opened at $5.05 on Tuesday. ARKO has a one year low of $3.51 and a one year high of $7.84. The stock has a market cap of $569.34 million, a PE ratio of 63.13 and a beta of 0.78. The firm has a 50 day simple moving average of $4.68 and a two-hundred day simple moving average of $4.48. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11.

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

ARKO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date 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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