ARKO (NASDAQ:ARKO) Shares Down 5.6% - What's Next?

ARKO Corp. (NASDAQ:ARKO - Get Free Report)'s share price was down 5.6% during mid-day trading on Wednesday . The stock traded as low as $4.52 and last traded at $4.52. Approximately 142,185 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 487,927 shares. The stock had previously closed at $4.79.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARKO. Stifel Nicolaus lowered shares of ARKO from a "buy" rating to a "hold" rating and dropped their price objective for the company from $8.50 to $7.50 in a report on Thursday, February 27th. Raymond James Financial dropped 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. Capital One Financial assumed coverage on shares of ARKO in a report on Thursday, May 8th. They set an "overweight" rating and a $8.00 price target on the stock. Wall Street Zen raised ARKO from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.35.

ARKO Price Performance

The business's 50 day moving average is $4.46 and its two-hundred day moving average is $5.34. The firm has a market cap of $518.93 million, a P/E ratio of 150.83 and a beta of 0.74. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 4.21.

ARKO (NASDAQ:ARKO - Get Free Report) last posted 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. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.85 billion. ARKO had a return on equity of 3.23% and a net margin of 0.10%. As a group, analysts anticipate that ARKO Corp. will post 0.2 earnings per share for the current year.

ARKO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 2.65%. ARKO's dividend payout ratio is currently 400.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Corton Capital Inc. acquired a new stake in ARKO in the first quarter worth $45,000. Hsbc Holdings PLC bought a new position in shares of ARKO during the 1st quarter worth about $45,000. PEAK6 LLC acquired a new stake in shares of ARKO in the 1st quarter valued at about $50,000. Public Employees Retirement System of Ohio bought a new stake in ARKO in the 4th quarter valued at about $53,000. Finally, Tower Research Capital LLC TRC increased its position in ARKO by 90.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock valued at $64,000 after buying an additional 4,639 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.

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