ARKO (NASDAQ:ARKO) Upgraded to Hold at Wall Street Zen

Key Points

• ARKO has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• According to MarketBeat, ARKO's average price target now stands at $7.13, with a range of ratings from "strong buy" to "hold" by various analysts.
• For the most recent quarter, ARKO reported an EPS of $0.16, surpassing analyst expectations and achieving a revenue of $2 billion.

ARKO (NASDAQ:ARKO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other research analysts have also issued research reports about the stock. 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. Capital One Financial assumed coverage on shares of ARKO in a research note on Thursday, May 8th. They set an "overweight" rating and a $8.00 price objective on the stock. Finally, BMO Capital Markets raised 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. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.13.

ARKO Stock Up 1.0%

ARKO traded up $0.05 on Friday, reaching $4.92. The company's stock had a trading volume of 369,081 shares, compared to its average volume of 597,301. ARKO has a 1 year low of $3.51 and a 1 year high of $7.84. The business's 50 day moving average is $4.43 and its 200 day moving average is $4.81. 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 cap of $554.69 million, a price-to-earnings ratio of 61.51 and a beta of 0.74.

ARKO (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $2.04 billion. ARKO had a return on equity of 5.50% and a net margin of 0.18%. As a group, research analysts forecast that ARKO will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Corton Capital Inc. acquired a new position in ARKO in the first quarter worth approximately $45,000. Hsbc Holdings PLC acquired a new position in ARKO in the 1st quarter worth approximately $45,000. PEAK6 LLC acquired a new position in ARKO in the 1st quarter worth approximately $50,000. Public Employees Retirement System of Ohio acquired a new position in ARKO in the 4th quarter worth approximately $53,000. Finally, Tower Research Capital LLC TRC boosted its stake in ARKO by 90.9% in 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 period. Institutional investors and hedge funds own 78.29% of the company's stock.

About ARKO

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.