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

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 note issued on Saturday.

Other equities analysts also recently issued reports about the stock. Raymond James reduced their price objective 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. Stifel Nicolaus cut Arko from a "buy" rating to a "hold" rating and reduced their price target for the company from $8.50 to $7.50 in a research report on Thursday, February 27th. Capital One Financial initiated coverage on Arko in a research report on Thursday, May 8th. They set an "overweight" rating and a $8.00 price target on the stock. Finally, BMO Capital Markets upped their price target 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. Four research 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.35.

Arko Stock Up 1.5%

NASDAQ:ARKO traded up $0.07 during trading hours on Friday, reaching $4.65. 346,390 shares of the stock were exchanged, compared to its average volume of 478,694. The stock has a market cap of $533.26 million, a PE ratio of 29.06 and a beta of 0.74. Arko has a twelve month low of $3.51 and a twelve month high of $7.84. The firm has a 50 day moving average of $4.36 and a 200 day moving average of $5.53. 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 announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The business 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 expect that Arko will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Arko

Hedge funds have recently added to or reduced their stakes in the business. Cannell Capital LLC raised its position in shares of Arko by 55.8% in the fourth quarter. Cannell Capital LLC now owns 2,710,772 shares of the company's stock valued at $17,864,000 after purchasing an additional 971,158 shares during the period. Voss Capital LP bought a new stake in Arko in the 1st quarter valued at about $9,547,000. Dimensional Fund Advisors LP boosted its holdings in Arko by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company's stock valued at $12,200,000 after purchasing an additional 202,576 shares during the period. CM Management LLC grew its position in shares of Arko by 2.9% during the 4th quarter. CM Management LLC now owns 1,050,000 shares of the company's stock worth $6,920,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Arko by 24.0% during the fourth quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company's stock worth $5,050,000 after buying an additional 148,269 shares in the last quarter. 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.