Arko Corp. (NASDAQ:ARKO) Receives $7.35 Consensus PT from Analysts

Shares of Arko Corp. (NASDAQ:ARKO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.35.

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Arko from $4.50 to $5.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Stifel Nicolaus lowered shares of Arko from a "buy" rating to a "hold" rating and lowered their price objective for the company from $8.50 to $7.50 in a research note on Thursday, February 27th. Raymond James cut their target price on shares of Arko from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Capital One Financial began coverage on shares of Arko in a research note on Thursday, May 8th. They issued an "overweight" rating and a $8.00 price target for the company. Finally, Wall Street Zen cut shares of Arko from a "hold" rating to a "sell" rating in a research report on Friday.

Institutional Trading of Arko

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARKO. Bank of New York Mellon Corp boosted its position in shares of Arko by 24.0% during the fourth quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company's stock valued at $5,050,000 after buying an additional 148,269 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Arko in the 4th quarter worth $66,000. Raymond James Financial Inc. purchased a new stake in shares of Arko in the fourth quarter valued at about $368,000. CM Management LLC lifted its position in shares of Arko by 2.9% during the fourth quarter. CM Management LLC now owns 1,050,000 shares of the company's stock valued at $6,920,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Arko by 114.7% during the fourth quarter. Intech Investment Management LLC now owns 30,073 shares of the company's stock valued at $198,000 after purchasing an additional 16,069 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Arko Trading Down 3.1%

Shares of Arko stock traded down $0.14 during midday trading on Friday, reaching $4.34. The company had a trading volume of 543,667 shares, compared to its average volume of 475,634. The stock has a fifty day moving average price of $4.31 and a 200 day moving average price of $5.64. Arko has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The firm has a market cap of $497.71 million, a PE ratio of 27.13 and a beta of 0.72. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13.

Arko (NASDAQ:ARKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. Arko had a net margin of 0.27% and a return on equity of 8.88%. On average, equities analysts anticipate that Arko will post 0.2 earnings per share for the current year.

Arko Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Monday, May 19th. Arko's dividend payout ratio is currently 400.00%.

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.