Arko (NASDAQ:ARKO) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Arko (NASDAQ:ARKO - Free Report) from a hold rating to a sell rating in a research report report published on Friday.

A number of other equities research analysts have also recently weighed in on ARKO. Capital One Financial started coverage on Arko in a research note on Thursday, May 8th. They issued an "overweight" rating and a $8.00 price objective for the company. Stifel Nicolaus cut shares of Arko from a "buy" rating to a "hold" rating and cut their target price for the company from $8.50 to $7.50 in a report on Thursday, February 27th. Raymond James decreased their price target on shares of Arko from $11.00 to $10.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Finally, BMO Capital Markets raised their price objective on shares of Arko from $4.50 to $5.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.35.

Arko Stock Down 3.1%

NASDAQ ARKO traded down $0.14 on Friday, hitting $4.34. 543,667 shares of the stock were exchanged, compared to its average volume of 475,634. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The company has a market cap of $497.71 million, a PE ratio of 27.13 and a beta of 0.72. The company has a 50-day moving average price of $4.31 and a 200-day moving average price of $5.64.

Arko (NASDAQ:ARKO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. Arko had a net margin of 0.27% and a return on equity of 8.88%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.85 billion. Sell-side analysts anticipate that Arko will post 0.2 EPS for the current fiscal year.

Arko Dividend Announcement

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

Hedge Funds Weigh In On Arko

Several institutional investors have recently bought and sold shares of ARKO. Voss Capital LP purchased a new stake in shares of Arko in the first quarter valued at about $9,547,000. Cannell Capital LLC raised its holdings in Arko by 55.8% during the fourth quarter. Cannell Capital LLC now owns 2,710,772 shares of the company's stock worth $17,864,000 after purchasing an additional 971,158 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Arko by 166.6% in the fourth quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company's stock valued at $4,211,000 after purchasing an additional 399,387 shares during the period. Empowered Funds LLC acquired a new stake in Arko in the first quarter valued at about $1,335,000. Finally, Nuveen LLC purchased a new stake in Arko in the 1st quarter valued at approximately $1,284,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.