ARKO (NASDAQ:ARKO) Receives Sell (D) Rating from Weiss Ratings

Key Points

• ARKO's stock has received a sell (D) rating from Weiss Ratings, while other firms have varying assessments with one upgrade to a hold rating.
• The company's stock price is currently at $4.02, with a 12-month low of $3.51 and a high of $7.84.
• ARKO reported a quarterly earnings per share (EPS) of $0.16, exceeding estimates, but its revenue fell short of analyst expectations at $2 billion.

ARKO (NASDAQ:ARKO - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Several other research firms have also recently weighed in on ARKO. Wall Street Zen upgraded shares of ARKO from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research cut ARKO from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Raymond James Financial set a $8.00 target price on ARKO and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.13.

ARKO Stock Performance

ARKO stock traded up $0.13 during trading hours on Tuesday, hitting $4.02. 136,546 shares of the stock were exchanged, compared to its average volume of 581,178. ARKO has a 12 month low of $3.51 and a 12 month high of $7.84. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $452.65 million, a P/E ratio of 50.19 and a beta of 0.77. The company has a 50-day simple moving average of $4.76 and a two-hundred day simple moving average of $4.51.

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

Institutional Trading of ARKO

Several hedge funds and other institutional investors have recently made changes to their positions in ARKO. Corton Capital Inc. purchased a new stake in shares of ARKO in the first quarter worth $45,000. Hsbc Holdings PLC purchased a new position in shares of ARKO in the first quarter worth approximately $45,000. PEAK6 LLC purchased a new position in shares of ARKO in the first quarter worth approximately $50,000. Tower Research Capital LLC TRC boosted its holdings in shares of ARKO by 193.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company's stock worth $52,000 after buying an additional 8,115 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of ARKO by 37.9% in the second quarter. Creative Planning now owns 15,156 shares of the company's stock worth $64,000 after buying an additional 4,163 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

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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